Spread betting and CFD provider London Capital Group (LCG) has raised a total of £17m through a financing round led by GLIO Holdings.
LCG raised £17m before expenses through the issue of 67,945,644 convertible loan notes of £1 each to GLIO Holdings, Hargreave Hale and Tyler Rameson at a conversion price of 25.02 pence. The net transaction costs of the financing are £16.28m.
The three investors have also been granted warrants, and upon the exercise of their [...]
