Dice confirms new charge

Dice has confirmed a charge against the company by California-based Ocean LI PLO LLC as speculation continues surrounding the future of the ticketing provider.

The charge was registered against Dice FM Holdings on November 14, according to a Companies House filing. Ocean LI PLO LLC trades as Structural Capital, which partners with growth-focused technology companies.

A charge is a security that a company provides to a lender in exchange for a loan.

Ocean LI PLO LLC has acquired interest in additional assets and has agreed to enter into a supplemental debenture to create security over such assets. The latest debenture is supplemental to the original debenture.

A spokesperson for Dice told TheTicketingBusiness: “This is a standard security document relating to a previous investment agreement between Dice and Structural Capital that was announced in August of last year.”

Over the summer, reports surfaced that at least three private equity firms were interested in acquiring a significant stake in Dice.

The news came after independent auditors warned that there was “material uncertainty” about Dice’s ability to continue as a going concern without additional funding.

Dice finalised a $65m (£51m/€62m) funding round in August 2023, led by Music, an investment company focused exclusively on the music sector. It was founded by Matt Pincus, the executive behind Songs Music Publishing, who also joined Dice’s board of directors.

Structural Capital was one of the other investors during this funding round.