REG - Gunsynd PLC - Low6 raises US$5 million in pre-IPO funding round

GunsyndAnnouncement

31/01/2022 11:45

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RNS Number : 1664A  Gunsynd PLC  31 January 2022

31 January
2022
Gunsynd plc

 

("Gunsynd" or the "Company")

 

Low6 raises US$5 million in pre-IPO funding round

Gunsynd is pleased to provide an update on its investment in Low6 Limited
("Low6"), which has developed a next-generation sports betting platform.

Low6 has successfully raised a total of US$5 million in a funding round which
it will use to fund continued growth, in particular its expansion into the US.

Low6 has steadily grown since inception and throughout 2021 it continued to
build its product and service offering, resulting in new partners and
contracts, including recent partnerships with the NBA Detroit Pistons, the NFL
Cincinnati Bengals, the NFL Jacksonville Jaguars and the PGA TOUR. Low6 was
also awarded the 2020 EGR "Virtual and Fantasy Sports Operator" and "2021
Rising Star" awards.

Low6's plans to IPO remain on track, with a listing expected in 2022. Further
information on Low6 can be found at https://low6.com/ (https://low6.com/) .

The Directors of Gunsynd accept responsibility for this announcement.

 

For further information please contact:

 

 Gunsynd plc

 Hamish Harris/ Peter Ruse     +44 (0) 78 7958 4153

 Cairn Financial Advisers LLP

 James Caithie / Liam Murray   +44 (0) 20 7213 0880

 Peterhouse Capital Limited

 Lucy Williams                 +44 (0) 20 7469 0936

 

 

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