More Acquisitions Plc (LSE:TMOR) will look for acquisitions. The company announced fundraising of £312,240 through the issue of 31,224,000 new ordinary shares of £0.01 each at a price of 1 pence per share ("Placing Shares") with 2 free attaching warrants for every 1 Placing Share issued exercisable at 1.5p (exercisable at any time during the 60-month period from 4 March 2022). These options are on identical terms to those granted to investors at the time of the Company's IPO.

The Proceeds of the Placing, less expenses, will be utilised for general working capital requirements and to ensure the Company retains sufficient funds to meet the anticipated costs involved in any future acquisition.