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Earlier, in March 2018, Inc42 reported that Koovs plc was  looking to raise another $32 Mn  in an upcoming funding round. Subject to the satisfaction of certain conditions, under existing shareholder authority, Koovs will issue Future lifestyle Fashion with 57,876,600 new ordinary shares at the price of 10 pence per share, representing 24.8% of the enlarged issued share capital (the “Subscription”) raising $6.7 Mn (£5,787,660) of cash (the “Subscription Sum”). “The Subscription is conditional upon, inter alia, admission of the Subscription Shares to trading on the AIM market of the

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