Street Calls of the Week
LONDON - Cloudified Holdings Limited, an AIM-listed cash shell, has announced an agreement with Salonica Capital Ltd to provide corporate finance services in connection with an ongoing acquisition opportunity. The transaction is considered a related party deal as Salonica is a significant shareholder in Cloudified.
Under the terms of the agreement, Salonica will receive a fee upon the successful completion of the acquisition. This fee will be the greater of £80,000 or 5% of the gross value of the funds raised from investors introduced by Salonica, excluding any funds from secondary placements.
The board of Cloudified, including Independent (LON:IOG) Directors Ian Selby, Richard Collett, and Alex Hambro, after consultation with Zeus Capital Limited, the company’s Nominated Adviser, has deemed the terms of the agreement to be fair and reasonable for the company’s independent shareholders.
The agreement follows a previous announcement on 12 December 2024, in which Cloudified identified the acquisition opportunity it is currently advancing. The company has stated that further updates regarding the acquisition will be provided in due course.
This arrangement is a related party transaction under AIM Rule 13 of the AIM Rules for Companies, which governs the dealings between AIM-listed companies and their related parties. The announcement is based on a press release statement and is intended to inform the public and shareholders of the latest developments in Cloudified’s ongoing acquisition strategy.
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