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Vela Technologies ( (GB:VELA) ) just unveiled an update.
Vela Technologies has made a £50,000 payment to Igraine plc as part of a convertible loan note facility, following recent corporate developments at Igraine. The company has the option to provide an additional £450,000, with £150,000 obligated and £300,000 discretionary, marking a significant step in its investment strategy. Igraine’s strategic partnerships, including one with BES3 Holdings Ltd for a development project in North West England, underline the potential growth and impact on stakeholders.
More about Vela Technologies
Vela Technologies plc is an investing company listed on AIM, focusing on early-stage and pre-IPO investments in disruptive technologies. Its investee companies are involved in developing or utilizing technology aimed at transforming their respective industries.
YTD Price Performance: -50.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.14M
See more insights into VELA stock on TipRanks’ Stock Analysis page.
