Media Tech SPAC is raising cash via Primary Bid ahead of a standard listing later this summer. The investment company is seeking to acquire media and technology companies. The company wants to raise up to £6m at 10p a share.
Riverfort Global Capital, which is likely to seek to launch other SPACs, and Barry Downes of Sure Valley Ventures are behind the venture. The focus is technology businesses in Europe that have a strong management team and innovative, scalable technology.
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