Magic Media Works Limited announced that it will receive £13,000,000 in a round of funding on December 7, 2020. The equity part of funding was led by new investor Sun Capital Partners, Inc. The transaction will take place in two tranches, the first at £1.00 per share and the second, to be conducted in early 2021, at £1.10 per share. The transaction will include participation from existing individual investors Paul McGuinness, Peter Cornell, Warner Mandell and Rupert Howell. As part of the transaction, Edward Spencer-Churchill from Sun Capital Partners, Inc. will join the company's board of directors. On the same day, the company received issued 298,204 convertible loan notes at a price of £1 per note for proceeds of £298,204 in its first tranche closing. The tranche included participation from returning investor Asimilar Group Plc (AIM:ASLR). The loan notes carry a coupon rate of 5%, payable annually in arrears on the anniversary of the loan note subscription. The loan notes expire on 31 January 2026. Each loan note has a warrant attached which gives the holder the right to subscribe for a share in the company at £1 per share at any time during the life of the loan note. The exercise of the warrants can be carried out by offsetting the exercise subscription due against the outstanding loan amount, effectively resulting in a cashless exercise.