Hipgnosis Pauses Plans for Issuing ‘Further Shares’ as Net Debt Cracks $550 Million

UK-based song-investment fund Hipgnosis dropped $260 million on song catalogs from April 1st through September 30th of this year, but with net debt having surpassed a staggering $550 million, the company doesn’t “intend to offer further shares for cash consideration” before March 30th, 2022. Hipgnosis revealed these and other noteworthy points in its newly released interim report.

Source: Hipgnosis Pauses Plans For Issuing Further Shares as Net Debt Cracks $550M