Vela Technologies Investee: Mode Global #MODE – Update on Fundraising Activities and Board Changes January 19, 2023 – Posted in: Vela Technologies Plc (VELA)

Since the announcement on 13 July 2022 of the completion of a £2,000,000 convertible loan note fundraising, the Company has been in discussions with a number of counterparties in relation to a further more substantial equity fundraising.  These discussions have taken place against a backdrop of considerable headwinds in the wider cryptocurrency industry which have been well documented.  Despite these headwinds, Mode continued to make progress with executing its business plan, including securing FCA approval…

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