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Vela Technologies ( (GB:VELA) ) has provided an update.
Vela Technologies reported a decrease in the value of its total assets by £385,000 to £2,670,000 for the quarter ending December 31, 2024. The company experienced a net unrealized loss of £276,000 on its investment portfolio, while its cash balance fell to £47,000. Despite these challenges, Vela subscribed to a £50,000 convertible loan note in Igraine PLC as part of a £200,000 commitment. The company’s strategy remains focused on realizing portions of its investment portfolio to reinvest in prospects with better return potential.
More about Vela Technologies
Vela Technologies plc is an investing company focused on early-stage and pre-IPO disruptive technology investments. The company targets opportunities where technology can disrupt business sectors and also invests in already-listed companies when valuations are favorable.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.33M
See more data about VELA stock on TipRanks’ Stock Analysis page.
