Immediate Acquisition Plc (AIM:IME) agreed to acquire Fiinu Ltd for £37.5 million on June 14, 2022. Total consideration to be satisfied by the issue of new ordinary shares in the capital of the Company to the selling shareholders of Fiinu at a price of 20p per share, alongside its intention to raise approximately £8 million, before expenses, by way of a conditional placing of new ordinary shares in the capital of the Company at 20p per share (the "Placing"). For the year ended 31 March 2021, Fiinu generated no revenue and recorded an audited loss before taxation of £1.19 million. As at 30 September 2021, Fiinu had unaudited net assets of approximately £0.73 million. Immediate Acquisition Plc intents to change the name to Fiinu Group plc. On completion of the Proposed Acquisition,it is intended that David Hopton, Chris Sweeney, Philip Tansey, Marko Sjoblom and Huw Evans will be appointed to the Board. The Board will include four Independent Non-Executive Directors and three Executive Directors. Simon Leathers, an existing director of the Company will remain a director following completion. Mark Brady and Neil Baldwin of SPARK Advisory Partners Limited acted as financial advisor to Immediate Acquisition.