StockMarketWire.com - Podcast company Audioboom said it had raised £2.8m through a share issue to fund the acquisition of content.

New shares in the company were issued at 2.5p each.

'The proceeds will be used predominantly to accelerate the acquisition of established podcast content and their audiences, with a view to increasing the company's gross revenues and gross margins in 2019 and beyond,' Audio Boom said.

'In addition, funds will be used to develop further co-production content partnerships and Audioboom Originals productions, to deliver valuable original content.'


At 2:48pm: [LON:BOOM] Audioboom Group share price was +0.1p at 2.55p



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