Gfinity (GB:GFIN) has released an update.
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Gfinity PLC has secured £120,000 in funding via a convertible loan note and is exploring new business opportunities to expand beyond digital media content. Amidst a challenging half-year marked by industry pressures and reduced digital advertising rates, the company has implemented significant cost reductions and anticipates profitable months ahead. The loan, paired with a private share subscription by Director David Halley, aims to bolster the company’s working capital and growth pursuits.
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