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IN BRIEF: Allied Minds notes funding growth for Federated Wireless

Tue, 03rd May 2022 10:23

Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Wireless communications portfolio company Federated Wireless Inc closes additional USD14 million in its series D funding, bringing the total for the round to USD72 million from USD58 million. Federated's post money-valuation now stands at USD302 million, up from USD215 million reported in Allied's 2020 results following series C funding. Allied's fully diluted ownership is now 24%.

Current stock price: 18.00 pence, up 5.9% on Tuesday

12-month change: down 22%

By Elizabeth Winter; elizabethwinter@alliancenews.com

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ALM.L Share News (ALM)

IN BRIEF: Allied Minds notes funding growth for Federated Wireless

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

FTSE 250 movers: Bank of Georgia higher on strong quarter

LONDON MIDDAY BRIEFING: M&S Rises, Burberry Hit By Currency Moves

CORRECT: LONDON MARKET COMMENT: Stocks Mixed As Greece Concerns Weigh

WINNERS & LOSERS: M&S Hits New 7-Year High, Burberry Falls

LONDON MARKET COMMENT: Stocks Mixed As Greece Concerns Weigh

Allied Minds shares tumble after institutional placing

London open: FTSE flat as blue chip earnings underwhelm, Vodafone rises on merger talk

LONDON MORNING BRIEFING: Weak Open For Market As Greek Debt Looms

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