Hi55 Ventures, which trades as FinTech Hi, will be acquired by Oscillate plc.
In Brief:
Hi is a FinTech platform that helps companies with payroll and flexible payment for employees.
The reverse takeover means that Hi55 Ventures will become publicly traded.
The company has been valued at £28mn.
What does this mean?
Oscillate, the acquiring company, says the acquisition should be a good opportunity for its shareholders to “benefit from further appreciation in value of the enlarged group”.
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