Ashington Innovation Plc (GB:ASHI) has released an update.
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Ashington Innovation Plc, a special purpose acquisition company targeting the technology sector, announced its annual results, revealing a pre-tax loss of £878k due to start-up and IPO costs, with a net cash position of £323k. Despite merger talks with Cell Therapy Ltd. and Calon Cardio-Technology Ltd. falling through, the company remains confident in finding valuable acquisition targets, buoyed by the fintech and deep tech sectors’ robust growth forecasts. Ashington, having strengthened its management team and enhanced its capital access through an IPO and a dual listing on the LSE and FSE, is actively assessing new potential acquisition targets.
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