- Seen
- 21 April 2026 10:30:52
Source: Sharecast
Seeen said on Tuesday that it will make an initial consideration of roughly £1m for Streaming Limited, which trades under the name MEDIAL, with £950,000 to be paid in cash from existing resources, while the remaining balance would be satisfied via the issue of 1.0m new ordinary shares.
Additionally, a further deferred consideration of £200,000 was payable in cash in equal instalments over eight quarters following completion, subject to no warranty claims arising. Completion was expected to occur on or prior to 30 April.
The AIM-listed firm stated Robert Thomas, founder of MEDIAL, will join its leadership team and work closely with chief executive Adrian Hargrave to drive additional sales.
Seen stated the acquisition would enable it to upsell its technology products for video moments into MEDIAL's customer base of education institutions looking to drive improved educational outcomes.
Hargrave said "The acquisition of MEDIAL is a strategically important step for SEEEN. It gives us an immediate customer foothold in the academic and enterprise video training markets through an established, profitable and highly regarded platform with long-standing and recurring customer relationships."
As of 1030 BST, Seeen shares had shot up 18% to 4.72p.
Reporting by Iain Gilbert at Sharecast.com
See latest RNS at Investegate