- Media and tech business Iconic Labs detailed plans to raise £757,793 through the placing of shares at a discount.

The placing price of £0.00012 represented a 20% discount to the company's closing mid-market share price on 12 November 2020.

The company also announced that it had entered into a new more conventional debt facility with Shard Merchant Capital Limited for an aggregate amount of up to £1 million, with an initial drawdown of £500,000 from SMC.

Following the new debt funding arrangement, Iconic Labs said it had cancelled the European High Growth Opportunities Securitization Fund.

At 10:00am: [LON:ICON] share price was -0p at 0.01p

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