On Nov 8, Winking Studios entered into a placing agreement with its nominated adviser, Strand Hanson, and broker, S.P. Angel Corporate Finance LLP.
Under the agreement, S.P. Angel has procured subscribers for a total of 52,666,667 fully paid-up ordinary shares in Winking Studios at a placing price of 15 British pence or 26 cents, with the full consideration at GBP7.9 million or $13.5 million.
Shares in Winking Studios closed 2 cents higher or 6.897% up at 31 cents on Jan 16.
