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Sealand Capital Galaxy ( (GB:SCGL) ) has provided an update.
Sealand Capital Galaxy Limited has announced a conditional issue of 111,000,000 ordinary shares, pending approval at its upcoming Annual General Meeting. Additionally, the company has entered into a convertible loan note agreement with a high net worth individual for up to £3 million, with an initial drawdown of £400,000 requested. This financial maneuver is poised to impact the company’s capital structure and future strategic initiatives.
More about Sealand Capital Galaxy
Sealand Capital Galaxy Limited is an IT, Social Media & Technology company that focuses on consolidating opportunities in the global marketplace. Its shares are traded on the London Stock Exchange under the ticker SCGL.
YTD Price Performance: 1150.0%
Average Trading Volume: 11,606,095
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.34M
Learn more about SCGL stock on TipRanks’ Stock Analysis page.