KRM22 Issues Shares to Settle Acquisition Costs

KRM22 (GB:KRM) has released an update.

KRM22 PLC, a capital market risk management technology firm, has issued 93,458 new ordinary shares to partially settle deferred payments for the acquisition of Object+, conserving cash for the group. The remaining deferred consideration to Object+’s vendor is US$665k, with the option to be paid in cash or shares. The newly issued shares will be tradeable on AIM starting 21 August 2024, bringing the total issued share capital to 35,899,981 ordinary shares.

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