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Immedia ( (GB:BANK) ) just unveiled an update.
Fiinu Plc has announced the termination of its Share Subscription Facility Agreement with GEM Global Yield, settling obligations by issuing 7,666,667 new ordinary shares. This move, along with the cancellation of outstanding warrants, is part of Fiinu’s strategic efforts to stabilize its capital structure and marks a positive step in its recovery following the return of its banking license. With the addition of Everfex and progress in licensing its Plugin Overdraft®, Fiinu is positioning itself for future growth and stability.
More about Immedia
Fiinu Plc operates in the financial services industry, focusing on innovative banking solutions. The company is known for its Plugin Overdraft® product and has recently expanded its operations by adding Everfex to its group.
Average Trading Volume: 683,712
Technical Sentiment Signal: Buy
Current Market Cap: £71.64M
See more insights into BANK stock on TipRanks’ Stock Analysis page.