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MGI reports record quarter achieving 96% revenue growth with an underlying 38% organic growth
Media and Games Invest plc / Key word(s): Quarter Results/Quarterly / Interim Statement
MGI reports record quarter achieving 96% revenue growth with an underlying 38% organic growth
26-Apr-2021 / 08:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
MGI reports record quarter achieving 96% revenue growth with an underlying 38% organic growth
Monday, April 26, 2021 - Disclosure of an inside information according to Article 17 of the Regulation (EU) No 596/2014
holoride completes Series A funding round led by Terranet
Automotive Tech Leaders Join Forces as Terranet Leads holoride’s Double-Digit Million Euro Investment Round and Enters into Strategic Alliance.
Munich, Germany and Lund, Sweden - April 22, 2021 - holoride, the company advancing the future of in-vehicle media and winners of the SXSW Pitch 2021, today announced it raised its Series A investing round, collecting €10 million in first closing and earning the company a €30 million valuation.
The round was led by Terranet AB, developers of advanced driver-assistance software (ADAS) that specifically addresses safety and comfort through precise, fast, and intelligent sensor technology. Terranet invested the equivalent of EUR 3.2 million in holoride s share issue corresponding to 10.84% of the total number of shares and votes. Other co-investors in this round include a group of Chinese financial and automotive technology investors, orchestrated by Jingjing Xu, an investment p
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TerraNet Holding AB ( TerraNet or the Company ) has entered into a loan agreement of SEK 35 million with Formue Nord A/S (the Lender ) to finance the Company s acquisition of 10.84% of holoride as communicated in a separate press release (the Loan ). Further, the Company has, with support from the authorization received from the annual general meeting on May 15, 2020, decided to issue warrants in two series, series TO4 B and series TO5 B. A total of 14,319,634 warrants of series TO4 B and 12,321,546 warrants of series TO5 B will be issued (the W
This information is such that TerraNet Holding AB is required to make public in accordance with the EU s Market Abuse Regulation (MAR). The information was made public by the Company s contact person above on April 22, 2021 at 2 PM CET.
About TerraNet
TerraNet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, TerraNet is pioneering breakthrough safety technology VoxelFlow™ for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and Stuttgart, Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST).