Fladgate advises Gfinity on £6.25m placing

Our team: David Robinson

Fladgate has advised AIM listed Gfinity PLC on the placing of 31,250,000 new ordinary shares in order to raise £6.25m.

The proceeds of the placing will contribute towards working capital, establish the Gfinity Elite Series in the UK, contribute towards software development, enable further recruitment of quality personnel and also invest in broadcast technology.

Gfinity is a leading UK-based electronic sports (eSports) company which organises and hosts live tournaments at which top international players and teams compete in best-selling games such as FIFA and Call of Duty: Advanced Warfare.

Capital markets partner David Robinson advised Gfinity.

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