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Bidstack announce reverse takeover

By Crowdcube. 5th Jun 2018


We’re excited to announce that Funded Club business bidstack is seeking to list its shares on AIM via a Reverse Takeover (RTO) by Kin Group Plc, as well as receiving a £400k investment into the company. Bidstack, the in-game advertising software company, raised over £135k from 66 investors on Crowdcube in December 2015. The company currently has exclusive rights to place direct digital advertising into six games, including Football Manager 2018, Cricket Captain, and Sociable Soccer.

Kin Group intends to acquire the entire issued share capital of bidstack through issuing new Kin shares to the current owners. It also expects to raise further working capital for the enlarged group by way of a placing of new ordinary shares to institutional and other investors as part of the transaction.


If successful, this will give Bidstack’s Crowdcube investors access to all of the trading possibilities an AIM listing allows, i.e. to buy further shares or sell their holdings in part or full. This may well become the first potential exit for investors in a Crowdcube-funded company via AIM.

James Draper, Chief Executive of bidstack, said: "This is an exciting moment for me and the team. We are looking forward to the completion of the RTO so that we can drive the business forwards to the next stage of our growth. By obtaining a quotation on the AIM market we believe the RTO will be a great result for our current shareholders, who have supported us over the last three years and will provide us with a firm foundation for continued growth and winning more commercial contracts with the leading publishers and advertising agencies. We are excited to be kicking off our platform just in time for the FIFA World Cup and looking forward to the prospect of delivering on our ambitious business plans."

We will keep investors informed about Bidstack’s progress and eventual valuation on listing if and when the RTO completes. The Board of Kin anticipates that this should take place by 30 August 2018.

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