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Silver Bullet Data Services Group plc ( (GB:SBDS) ) has provided an announcement.
Silver Bullet Data Services Group plc has successfully raised £200,000 through the issuance of convertible loan notes to support its growing sales and services, particularly its 4D AI advertising solution. This funding will provide additional working capital to meet the increasing demand from new and existing clients, enhancing the company’s data and technology infrastructure. The convertible loan notes have a term of three years with an interest rate of 12% per annum and are convertible into new ordinary shares, representing approximately 3.19% of the company’s enlarged share capital if fully converted.
More about Silver Bullet Data Services Group plc
Silver Bullet Data Services Group plc is a provider of AI-driven digital transformation services and products, headquartered in London. The company offers a proprietary 4D AI advertising solution aimed at helping advertisers target consumers in a privacy-first environment. Silverbullet serves a blue-chip client base, including a leading UK hospitality brand and a global brewing company, and employs over 85 data specialists across five regions worldwide.
Average Trading Volume: 26,260
Technical Sentiment Signal: Sell
Learn more about SBDS stock on TipRanks’ Stock Analysis page.