Boston International Holdings PLC - special purpose acquisition company - Conditionally raises £334,890. Adds that it has recently come to attention of the board that the value of company’s net assets is less than half of its called-up share capital, and that is deemed to be a ’serious loss of capital’ within the meaning of section 656 of the Companies Act 2006. Is required to call a general meeting to consider if any measures should be taken to deal with situation. ‘Whilst the placing, which will raise £187,033 (before expenses) for the company, and the receipt of the £147,857 subscription monies for the New Convertible Loan Notes will not result in the Company’s net assets equalling or exceeding half of its called-up share capital, it will go some way to addressing the position,’ it says.
Current stock price: 0.92 pence, down 7.8% on Friday
12-month change: down 71%
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