14th Feb 2025 20:06
MAC Alpha Ltd - London-listed acquisition vehicle - Reports results for the six months to December 31. Pretax loss is GBP152,099, widened from GBP137,174 a year prior. Loss per share is 0.1170 pence, compared to 0.1055 pence a year ago. Says has met with several potential management teams over the period and conducted preliminary due diligence on "a variety of opportunities". Reports cash balance at the period end of GBP92,033 compared to GBP270,534 at June 30. Continues without dividend.
Also on Friday, MAC Alpha announces it has drawn down a further GBP500,000 under its forward purchase agreement and accordingly issues 500,000 A shares and 500,000 matching A warrants as set out in the FPA. Says this provides the company with sufficient cash for the next 12 months. The FPA was signed in 2021 with Marwyn Value Investors II LP for up to GBP20 million.
Current share price: 175 pence
12-month change: unchanged
By Aidan Lane, Alliance News reporter
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