31st Oct 2025 18:41
WeCap PLC - London-based investor whose main holding is e-commerce and social media platform WeShop - Reports loss of GP781,069 in the year ended April 30, compared to GBP863,682 loss a year ago on nil revenue. Administrative costs decline to GBP267,973 from GBP301,755. Finance costs rise to GBP491,664 from GBP448,100 million. Finance income swings to GBP7,568 from a loss of GBP9,500 a year ago. As of April 30, WeCap has cash reserves of GBP58,111, up from GBP49,035. Says listing on the Nasdaq Capital Market to occur following the US Security and Exchange Commission's ongoing review process.
WeCap comments: "WeCap stands at a pivotal juncture, propelled by the promising trajectory of WeShop. With the anticipated direct listing on the Nasdaq Capital Market, WeShop is poised to enhance its visibility and accessibility to a broader investor and customer base. This critical milestone not only validates our commitment to innovative business models but also positions WeShop as a leader in the burgeoning market of shoppable social networks. We are excited about the growth potential that this listing will unlock for WeCap shareholders."
Current share price: flat at 2.70 pence on London's Aquis exchange
12-month change: more than double
By Aidan Lane, Alliance News reporter
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