The Aquis-listed firm stated it has raised £516,000 by the inserting of 51.6mln new shares at a worth of 1p every, a 53.8% premium to its closing worth on Monday
Higher Thames Holdings PLC (LON:UPPT) stated it has obtained agency inserting commitments to boost £516,000 by a non-public placement with the intention to speed up its new enterprise technique, which features a international blockchain initiative.
The Aquis-listed firm stated it has raised the funds by the inserting of 51.6mln new shares at a worth of 1p every, a 53.8% premium to its closing worth on Monday.
Higher Thames additionally stated that the brand new focus of the agency going ahead will likely be linking typical, mainstream foreign money merchandise denominated in fiat currencies equivalent to USD and GBP, into the world of cryptocurrency, which it stated “opens up a variety of latest alternatives”.
It stated merchandise will cowl ideas such because the buying and selling of USD or GBP securities on crypto exchanges, in addition to the buying and selling of bodily property on blockchain constructions.
“It is a very thrilling transfer for Higher Thames, and we plan to enter a sector that may be a main alternative within the crypto and blockchain market. We have now recognized the correct pool of mental capital and expertise companions to roll out our technique and stay up for updating the market as materials occasions happen”, chairman Richard Poulden stated in a press release.
“Tesla shares already commerce as a crypto spinoff on the Bittrex World alternate in Bermuda. From our discussions with Bittrex we imagine that this may be prolonged to cowl a variety of shares and different devices offering a bridge between these giant swimming pools of funding”, he added.