Press Release
28 December 2022
AQRU PLC
("AQRU" or "the Company")
Investment in Streaks Gaming
AQRU plc (AQSE: AQRU), an incubator specialising in opportunities in decentralised finance ("DeFi"), is pleased to announce an investment of £2.3 million into Streaks Gaming PLC ("Streaks"), the developer of a conversational gaming platform.
The investment is being made as part of a £3 million fundraising by Streaks which is proposing admission of its ordinary shares to the Standard Listing segment of the London Stock Exchange. It is expected that Admission will become effective and that dealings in its Ordinary Shares will commence at 8.00 a.m. on 5 January 2023. Streaks will be the first conversational gaming company to join the London Stock Exchange.
Streaks plans to create a global conversational gaming platform based on powerful Natural Language Processing text generators. As sports betting is legalised across the United States, it is expected that many first-time bettors will be introduced to betting through conversational gaming. Streaks hopes to leverage conversational gaming to service the growing demand for US sports betting. Streaks' conversational games will be free-to-play and will not involve betting, wagering or any other activity that requires licensing. Proceeds from the fundraising will be used to continue to build the product, attract new players, invest in the Streaks brand and expand its activities.
Philip Blows, Chief Executive of AQRU, said: "We are delighted to make such a major investment in Streaks, a company with huge growth potential. It is part of our strategy to diversify our investments and Streaks is operating in an exciting area that should see significant opportunities as interest in conversational gaming grows rapidly. We are excited to be a lead investor and support this evolution."
The Directors of AQRU plc take responsibility for this announcement.
For further information, please contact:
| AQRU |
|
| Philip Blows Chief Executive |
via Tancredi +44 207 887 7633 |
| Tennyson Securities |
|
| Corporate Broker Peter Krens |
+44 207 186 9030 |
| First Sentinel |
|
| AQSE Corporate Adviser Brian Stockbridge |
+44 203 989 2200
|
| Tancredi Intelligent Communication Media Relations |
|
| Gabriela Amaya Garcia Charlie Hobbs |
+44 7915 035 294 +44 7897 557 112 |
About AQRU plc:
AQRU is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in London, we apply our expertise to the business operations and strategic plans of FinTech companies in the UK, USA and Canada, and act as an accelerator for start-ups and early-stage companies. www.aqruplc.com
Notes:
This document contains forward-looking statements which are subject to known and unknown risks and uncertainties because they relate to future events, many of which are beyond the Company's control. These forward-looking statements include, without limitation, statements in relation to the Company's financial outlook and future performance. No assurance can be given that future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Company.
You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. The Company undertakes no obligation to update or revise any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances. Nothing in this document is or should be relied upon as a warranty, promise or representation, express or implied, as to the future performance of the Company or its businesses.
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