London-listed iGaming solutions provider Nektan is looking to raise £3.5m through the sale of a 57.5 per cent stake in its US subsidiary Respin and a proposed placement of its shares.
The company intends to raise a minimum of £1.5m by way of a proposed placing of new ordinary shares of 1 pence to institutional and other investors at a price of 15 pence per share.
Nektan has secured conditional subscription agreements from executive director Gary Shaw, [...]
