Virtual reality group to raise £2.5m through new share placing
Immotion Group, the Salford-based immersive virtual reality (VR) out-of-home entertainment group, is to raise a total of £2.5m through the issue of new shares.
It aims to achieve £2m from 29.6 million new ordinary shares.
This will enable the firm to roll-out its partnership model into high footfall locations.
It believes the higher margins and recurring revenues delivered from this model is the best strategy for the group and its shareholders.
WH Ireland Limited and Alvarium Capital Partners are acting as joint brokers ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...