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Streaks Gaming Plc ( (GB:SATS) ) just unveiled an update.
Satsuma Technology PLC has announced the approval and publication of its prospectus for the admission of its ordinary shares to the Main Market of the London Stock Exchange. This strategic milestone aligns with its focus on Bitcoin-based operations and a treasury policy centered around Bitcoin as a reserve asset. The firm will convert convertible loan notes into new ordinary shares, boosting its issued share capital to over 11 billion shares. With repayments to remaining noteholders scheduled, Satsuma projects a liquid balance sheet with assets totaling approximately £52.3 million and no material liabilities. This development positions Satsuma as a well-capitalized, debt-free entity aiming for sustainable shareholder value and substantial market presence in the Bitcoin and decentralized finance ecosystem.
More about Streaks Gaming Plc
Satsuma Technology PLC operates in the digital and financial technology sector with a focus on Bitcoin-centric revenue streams, including staking and decentralized AI operations, while maintaining Bitcoin as its primary reserve asset.
Average Trading Volume: 2,742,627
Technical Sentiment Signal: Sell
Current Market Cap: £3.43M
For an in-depth examination of SATS stock, go to TipRanks’ Overview page.