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SEEEN Plc Secures Funding Through Convertible Loan Notes

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SEEEN Plc Secures Funding Through Convertible Loan Notes

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SEEEN Plc ( (GB:SEEN) ) has issued an announcement.

SEEEN plc has announced the issuance of £325,000 in Convertible Loan Notes as well as a further subscription for £487,500 in Conditional Convertible Loan Notes by Gresham House Asset Management Limited. The proceeds from the issuance will primarily be used for investing in the company’s sales team, developing training and skills features related to its products, and general working capital. This financial move, which involves a related party transaction, positions SEEEN to potentially enhance its operational capabilities and market reach, providing significant opportunities for growth and development within the video commerce industry.

More about SEEEN Plc

SEEEN plc is a global media and technology platform that specializes in delivering Key Video Moments and Video Commerce, aimed at enhancing its clients’ video profitability.

YTD Price Performance: -34.64%

Average Trading Volume: 193,540

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £4.81M

Find detailed analytics on SEEN stock on TipRanks’ Stock Analysis page.

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