(Alliance News) - Vela Technologies PLC on Thursday reported an increase to its portfolio value but said the markets "stubbornly fail to reflect the excellent results" of some of its investee companies. Read More
Vela Technologies PLC - Bingley-based early stage-focused technology investor - At June 30, says value of total assets is GBP2.8 million, down from GBP5.5 million at March 31. Says decrease attributable to unrealised loss of GBP2.8 due to "collapse in the value of Conduit Pharmaceuticals Inc". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
Vela Technologies PLC - early stage-focused technology investor - Enters into transferable unsecured convertible loan note agreement with Liberia-focused gold exploration and development company Hamak Gold Ltd. Hamak to issue Vela GBP300,000 of Hamak unsecured convertible loan notes, at interest rate of 10% per year, redeemable in July 2026. Accrued interest to be paid upon maturity or conversion. Notes may be converted with accrued interest into Hamak shares at the lower of a 25% discount to the volume weighted share price five days before conversion, or at 3.00 pence per share. As part of agreement, Vela will issue 2.42 billion shares to Hamak at 0.012 pence each, a 7.6% premium on Vela's July 16 share price. Vela may not submit a conversion notice for six months after signing. Hamak to redeem GBP75,000 of the notes through monthly cash payments between GBP10,000 and GBP25,000 with first payment due July 31. Read More
Vela Technologies PLC - early stage-focused technology investor - Value of total assets decreases by 11% in the three months to March 31 to GBP5.5 million from GBP6.2 million at the end of 2023. The reduction is due to the sale of Vela's residual holding in Kanabo Group PLC. Cash balance was GBP53,000 at March 31 compared with GBP6,000 at December 31. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Vela Technologies PLC - Early stage-focused technology investor - Issues quarterly investment update. Says the value of Vela's total assets decreased during the quarter to December 31 by 9% to GBP6.2 million. Notes Vela's portfolio comprised a total of 15 active investments, unchanged from the end of the previous quarter. Two of these investments were unquoted, 13 were quoted. Estimates the fair value of the investment portfolio was GBP6.2 million, down from GBP6.8 million at September 30. Read More
Vela Technologies PLC - Early stage-focused technology investor - Posts a pretax profit of GBP502,000 for the first half ended September 30, swinging from a loss of GBP127,000 the year prior. Reports no revenue for the period, unchanged from the previous year. Says that it is "cautiously optimistic" of its long-term future, and is committed to its investment strategy. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Vela Technologies PLC and Cizzle Biotechnology Holdings PLC on Thursday said the go-ahead for a partner to take on a New York listing will allow them to cash in options to sell their interests in a new drug. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Tribe Technology PLC shares started trading on the AIM market in London on Tuesday, after the mining equipment maker raised GBP4.6 million in its initial public offering. Read More
(Alliance News) - Cizzle Biotechnology PLC and Vela Technologies PLC on Tuesday noted that blank-check special purpose acquisition company Murphy Canyon Acquisition Corp will hold a special meeting on September 7. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Vela Technologies PLC on Thursday announced it entered into a put option deal for the right to sell its commercial interest in AZD1656, a Covid application. Read More