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Ignite CEO to acquire stake; CGH Group moves to full control of entities

Ignite's CEO is seeking to buy eight million shares in the company, which has just reported its fifth consecutive quarter of positive cash flow. Meanwhile CGH Group has reported a 10% drop in net profit during FY23, and a change in its ownership structure.

Ignite CEO Cameron Judson is seeking to buy eight million shares in the company as part of Ignite's shortfall offer for stock that wasn't taken up in its recent capital raising.

To acquire the shares, Judson will need the approval of shareholders at an upcoming general meeting of the company...