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An announcement from Electric Guitar PLC ( (GB:ELEG) ) is now available.
Electric Guitar PLC has announced a proposed restructuring plan, including a £300,000 subscription and a Company Voluntary Arrangement (CVA) to pursue an acquisition strategy as a cash shell. This follows the liquidation of its subsidiary, 3radical, due to underperformance and financial challenges. The restructuring aims to retain shareholder and creditor interests, with a focus on acquisitions to restore trading on AIM. The company faces insolvency if shareholder approval for the proposals is not obtained.
More about Electric Guitar PLC
Electric Guitar PLC is a company in the digital media sector, focusing on data solutions to help marketers obtain ‘first-party’ data directly from consumers. It was established as a ‘buy and build’ consolidator in the digital marketing and advertising market, with a mission to address growing privacy regulations and the trend towards personalized marketing.
Technical Sentiment Consensus Rating: Buy
See more data about ELEG stock on TipRanks’ Stock Analysis page.