Spiritus Mundi PLC (GB:SPMU) has released an update.
Spiritus Mundi PLC, a Special Purpose Acquisition Company (SPAC), has released its interim financial results, revealing a slight decrease in operating loss to £230,292 for the six months ending March 31, 2024, compared to the previous year. The company has announced a reverse takeover of InReste Pte Ltd, aiming to expand into the clinical diagnostics sector. Although the acquisition promises to enhance shareholder value, the completion of this deal remains uncertain, with trading of the company’s shares suspended pending regulatory approval.
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