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Published on Aug 10, 2016
Personal fitness monitoring device maker Cloudtag Inc (LON:CTAG) has raised £580,000 to help it bankroll rapid business growth.
Cloudtag has generated the cash by issuing 10mln shares at a price of 5.8p per share, representing a premium of 5.45% to Tuesday's mid-market closing price.
Chief executive Amit Ben-Haim said: "The focus for myself and the board is to keep a flexible approach to implementing the rapid growth I have charted while ensuring sufficient working capital is available."
http://www.4-traders.com/CLOUDTAG-INC-12845153/
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Cloudtag has generated the cash by issuing 10mln shares at a price of 5.8p per share, representing a premium of 5.45% to Tuesday's mid-market closing price.
Chief executive Amit Ben-Haim said: "The focus for myself and the board is to keep a flexible approach to implementing the rapid growth I have charted while ensuring sufficient working capital is available."
http://www.4-traders.com/CLOUDTAG-INC-12845153/
RSS
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