![]() boards of a number of AIM companies including CloudTag Inc., Autologic Holdings plc. It was the latest in a string of fund-raisings by CloudTag, which has raised about £1.1mln since January to help it develop its products.Ĭhairman Anthony Reeves said in its annual results earlier this month: "More funding may be required before breakeven but we hope the achievement of our key milestones should facilitate this."ĬloudTag launched its eagerly-awaited wearable fitness tracker, the CloudTag Track, in January, and the chief executive Amit Ben Haim says it the group is now poised to look into the US market.īen Haim in a recent Proactive Investors interview added that getting the product onto shelves is “paramount”, but that the he is confident the firm will achieve its targets for this year based on the transformational year it had in 2015. He then served as Chief Executive of Aerion Fund Management Ltd. It issued 3,488,235 new ordinary shares at a price of 3.21p per share, representing a premium of 11.7% over the mid-market closing price of 2.875p on March 23. M圜loudTag, a fitness app, is a collaboration by the development team instrumental in creating Donkey Kong and the Xbox Kinect, Preciousbluedot the Moon Regan Antarctic expedition team and Cloudtag, a company dedicated to delivering fitness and wellbeing products for consumers. Last week the wearable technology and personal health monitoring group raised a further £112,000 to develop its business. CLOUDTAG : Conversion of £0. The acquired shares represent the entirety of his shareholding in the company. CloudTag operates in the health, wellbeing and fitness market with its M圜loudTag App, available for iOS and Android. CLOUDTAG : Exercise of Warrants Receipt of Gross Proceeds and Issue of Equity. CloudTag Inc ( LON:CTAG) told investors that its finance director John Wakely has bought 175,000 shares in the company, at a price of 3.07p each.
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