Movement in Share Price
Board notes share price rise with no known cause; interested in SatoshiPay Vortex fundraise if shareholder approval obtained.
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Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports and blockchain and its applications within gaming and payments, notes the recent significant rise in the Company's share price. The Board confirms that it is not aware of any reason for this increase nor any material developments with its investee companies that are not already in the market.
Further to its announcement of 7 October 2024, whilst the Company has no further information in relation to the success of SatoshiPay's fundraise for Vortex, the Company has expressed an interest in participating. For this to occur, the Company would need to conduct its own fundraising, conditional on shareholder approval for a capital reorganisation as the nominal value of its shares is currently below its share price.
There can be no certainty that either SatoshiPay or the Company will be able to complete their respective fundraises. The Company will update the market further once it is in a position to do so.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.