Following on our message in regards to the CMA’s provisional findings yesterday, I needed to share with you that we have now agreed to terminate our merger with Crowdcube.
We fervently disagree with the CMA’s view, however given the low chance that they may change their thoughts at this level, we have now concluded that it doesn’t make sense to proceed the battle.
Nevertheless, we had ready for this chance, and we’re happy to announce that we have now agreed a brand new funding spherical for the enterprise. Given the power of the enterprise’s current efficiency, we can use this spherical to return to our pursuit of main development initiatives. We’ll share full particulars of the spherical very shortly.