Rock Solid Images, an oil equipment, services and distribution firm, has received an offer from Thalassa Holdings to acquire up to 25.89 per cent of the company for 0.48p per share in cash. Rock Solid is concerned that Thalassa has provided no evidence that they will bring any "added economic or industrial assistance to the business in the next phase of the company's development". With regards to their own shareholdings, the directors do no propose to take up the offer.
ValiRx, an AIM-quoted life science company, has conditionally raised £0.9m (before fees and expenses) following a placing of 200m new ordinary shares at a price of 0.45p per share. The proceeds will be used to further along a number of drug trials and expand its intellectual property portfolio and value. Six of the directors purchased a total of more than 10m of the shares.
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Reducing cash ISA limit will make lending difficult and expensive, warn providersAn open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
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Nvidia becomes world's first $4 trillion companyThe AI boom has catapulted Nvidia’s share price to astronomic heights, becoming the world’s most valuable company and the first to pass the $4 trillion milestone
