Fladgate advises Audioboom on its placing and subscription
Fladgate has advised AIM listed Audioboom Group Plc on its placing and subscription to raise £4.5m and the conversion of £1.5m of convertible loan notes held by Candy Ventures SARL. Proceeds will be used towards enhancing general working capital; expanding relationships with Spotify, Apple Podcasts, GooglePlay and CastBox; and funding growth and increasing revenue margins across the business.
Audioboom is the leading mobile, web and connected device platform for spoken-word content in news, current affairs, business, entertainment and sports.
The Fladgate team was led by capital markets partner David Robinson.
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