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Versarien ( (GB:VRS) ) has shared an update.
Versarien plc has signed a non-binding agreement with a UK public company for the sale of its remaining assets, including Total Carbide Limited, Gnanomat SL, and its patent and trademark portfolio. The transaction, valued at £200,000 in cash and shares, also involves the acquirer assuming a £5.7 million loan. The deal is subject to several conditions, including shareholder approval and regulatory consent, and if completed, will leave Versarien as a cash shell seeking reverse takeover opportunities. Failure to conclude the transaction may lead to the appointment of administrators.
Spark’s Take on GB:VRS Stock
According to Spark, TipRanks’ AI Analyst, GB:VRS is a Underperform.
Versarien’s stock score is primarily impacted by its poor financial performance and valuation. The technical analysis also indicates bearish sentiment. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:VRS stock, click here.
More about Versarien
Versarien plc is an advanced engineering materials group specializing in the development and commercialization of innovative materials technologies. The company focuses on products such as graphene and other advanced materials, catering to various industrial applications.
Average Trading Volume: 136,909,426
Technical Sentiment Signal: Sell
Current Market Cap: £835.4K
See more insights into VRS stock on TipRanks’ Stock Analysis page.