Cornerstone FS Plc announced a private placement of 1,560,000 common shares at a price of £0.5 per share for gross proceeds of £780,000 in funding led by new investor Thalassa Holdings Limited (LSE:THAL) on November 19, 2020. Thalassa Holdings Limited (LSE:THAL) will invest £300,000 in the company to acquire 3.65% stake. The company will also issue 600,000 warrants with a 5 year term to Thalassa Holdings Limited (LSE:THAL), each warrant carrying the right to subscribe for one common share at a price of £0.5.