Media investment vehicle Falcon Acquisition Limited has been
admitted to trading on the Main Market of the London Stock Exchange
(LSE).
The special purpose acquisition vehicle will target businesses
for acquisition in the mobile, online television and broadcasting
sectors with a focus on 'over-the-top' content. This
involves delivering media content, such as audio and video, either
over the open internet without a multiple system operator or via an
internet-enabled device such as smart televisions with a broadband
connection, phones, tablets and set-top boxes.
Falcon Acquisitions raised total net proceeds of £1.7
million through a subscription for 16 million new shares at a price
of 10 pence per share. The company's market capitalisation at
the subscription price on admission was over £2 million. The
company's prospectus, dated 13 January 2016, contemplates
further funds of between £1.5 to £2 million being
raised by way of a secondary fundraising prior to making
