Investment in Streaks Gaming
28/12/2022 15:07
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221228:nRSb1171La&default-theme=true
RNS Number : 1171L AQRU plc 28 December 2022
Press Release
28 December 2022
AQRU PLC
("AQRU" or "the Company")
Investment in Streaks Gaming
AQRU plc (AQSE: AQRU), an incubator specialising in opportunities in
decentralised finance ("DeFi"), is pleased to announce an investment of £2.3
million into Streaks Gaming PLC ("Streaks"), the developer of a conversational
gaming platform.
The investment is being made as part of a £3 million fundraising by Streaks
which is proposing admission of its ordinary shares to the Standard Listing
segment of the London Stock Exchange. It is expected that Admission will
become effective and that dealings in its Ordinary Shares will commence at
8.00 a.m. on 5 January 2023. Streaks will be the first conversational gaming
company to join the London Stock Exchange.
Streaks plans to create a global conversational gaming platform based on
powerful Natural Language Processing text generators. As sports betting is
legalised across the United States, it is expected that many first-time
bettors will be introduced to betting through conversational gaming. Streaks
hopes to leverage conversational gaming to service the growing demand for US
sports betting. Streaks' conversational games will be free-to-play and will
not involve betting, wagering or any other activity that requires licensing.
Proceeds from the fundraising will be used to continue to build the product,
attract new players, invest in the Streaks brand and expand its activities.
Philip Blows, Chief Executive of AQRU, said: "We are delighted to make such a
major investment in Streaks, a company with huge growth potential. It is part
of our strategy to diversify our investments and Streaks is operating in an
exciting area that should see significant opportunities as interest in
conversational gaming grows rapidly. We are excited to be a lead investor and
support this evolution."
The Directors of AQRU plc take responsibility for this announcement.
For further information, please contact:
AQRU
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
Tennyson Securities
Corporate Broker
Peter Krens +44 207 186 9030
First Sentinel
AQSE Corporate Adviser +44 203 989 2200
Brian Stockbridge
Tancredi Intelligent Communication
Media Relations
Gabriela Amaya Garcia +44 7915 035 294
Charlie Hobbs +44 7897 557 112
AQRU@tancredigroup.com (mailto:AQRU@tancredigroup.com)
About AQRU plc:
AQRU is an incubator specialising in opportunities in decentralised finance
(DeFi), a disruptive technology using blockchain and cryptocurrencies to
remove financial intermediaries from transactions, creating a cheaper, more
efficient and more secure way of providing financial services. Listed on the
Aquis Exchange in London, we apply our expertise to the business operations
and strategic plans of FinTech companies in the UK, USA and Canada, and
act as an accelerator for start-ups and early-stage
companies. www.aqruplc.com (http://www.aqruplc.com/)
Notes:
This document contains forward-looking statements which are subject to known
and unknown risks and uncertainties because they relate to future events, many
of which are beyond the Company's control. These forward-looking statements
include, without limitation, statements in relation to the Company's financial
outlook and future performance. No assurance can be given that future results
will be achieved; actual events or results may differ materially as a result
of risks and uncertainties facing the Company.
You are cautioned not to rely on these forward-looking statements, which speak
only as of the date of this announcement. The Company undertakes no obligation
to update or revise any forward-looking statement to reflect any change in its
expectations or any change in events, conditions or circumstances. Nothing in
this document is or should be relied upon as a warranty, promise or
representation, express or implied, as to the future performance of the
Company or its businesses.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END UPDGZMZZKRNGZZM