Netscientific Share News (NSCI)

PipeHawk partner QM Systems secures up to GBP2.5 million funding

(Alliance News) - PipeHawk PLC on Thursday said the partner of subsidiary QM Systems Ltd has received up to GBP2.5 million in funding, following production delays setting back their contract.

TRADING UPDATES: Pembridge Resources gets payment; Genflow gets award

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Goodbody Health wins deal; Tekcapital secures funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

EARNINGS UPDATES: Live Co achieves surge in interim revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: NetScientific investee PDS secures USD35 million financing

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Says portfolio company PDS Biotechnology Corp has entered into a debt financing agreement led by Horizon Technology Finance Corp to provide up to a USD35.0 million term loan. As part of the financing, PDS has received an initial tranche of USD25 million. It has the option to receive an additional USD10 million. Each advance of the loan will be repaid in 48 monthly payments consisting of 24 monthly payments of interest only, followed by 24 monthly payments of principal and accrued interest.

IN BRIEF: NetScientific completes purchase of 30% stake in Vortex

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Completes acquisition of 30% interest in Vortex Biotech Holdings Ltd for GBP300,000, after being announced in early May.

IN BRIEF: NetScientific investee PDS Biotechnology posts widened loss

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports second-quarter results from portfolio firm, PDS Biotechnology Corp. Net loss for three months to June 30 was USD5.8 million, or USD0.20 per basic share, widened from USD600,000, or USD0.03, a year before. "The higher net loss reported for the three months ended June 2022 is primarily due to additional costs for expansion of the company's research and development, including costs associated with our ongoing clinical trials, additional general and administrative costs, and lower income tax benefit," it says. PDS's cash balance at June 30 stands at USD53.0 million. Netscientific holds 47% stake in PDS.

UK shareholder meetings calendar - next 7 days

NetScientific raises GBP1.5 million to build its growth strategy

(Alliance News) - NetScientific PLC on Wednesday said it has raised GBP1.5 million amid a "difficult macro-economic climate".

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

NetScientific increases stake in AI company Q-Bot to 24%

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Increases its direct holding in AI company Q-Bot Ltd to 24% from 21%. Purchase is made via NetScientific's wholly-owned subsidiary EMV Capital, buying 1,066 Q-Bot shares for GBP202,540.

IN BRIEF: NetScientific secures funding to help Q-Bot home insulation

NetScientific PLC - London-based life sciences and sustainability technology investment firm - Secures GBP1.6 million in funding. Money raised via investment round will fund its next stage of growth, company says. "The additional funds will allow Q-Bot Ltd to accelerate the rollout of its unique patented solution of using robots to apply underfloor home insulation across the UK, and meet growing overseas demand for Q-Bot's solution," NetScientific explains. Q-Bot is an AI company in which NetScientific has a 19% direct stake since December, following a GBP2.8 million deal with Q-Bot.

TRADING UPDATES: Avation extends easyJet lease; Abingdon wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: Savannah Energy to develop new projects in Chad

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

NetScientific shares jump after "impressive" results of Covid-19 test

(AllianceNews) - NetScientific PLC on Monday said its subsidiary ProAxsis Ltd had successfully completed the development and evaluation of an AstraZeneca PLC Covid-19 antibody test with "impressive" results.