Sondrel Plc Share News (SND)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Sondrel secures loan to meet working capital needs

Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Enters GBP874,600 secured 15% convertible loan agreement with ROX Equity Partners Ltd, a UK-based private equity firm and long term investor specialising in emerging technology companies. Says the loan will meet immediate working capital requirements. Explains proceeds of the loan are expected to be received by the March 6. They will be utilised to meet February 2024 payroll and certain overdue supplier obligations. Interest is payable at a rate of 15% per annum quarterly on the last day of March, June, September and December.

Sondrel talks over capital injection at 'advanced' stage

(Sharecast News) - Semiconductor designer and consultant Sondrel updated the market on its ongoing discussions with a potential capital provider on Friday, to address its immediate working capital needs.

Sondrel in advanced discussions over GBP900,000 convertible loan note

(Alliance News) - Sondrel Holdings PLC on Friday confirmed that discussions with a potential provider of capital are now "at a very advanced stage" regarding a proposed GBP900,000 convertible loan note.

TRADING UPDATES: Sondrel wins USD23 million contract

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

Sondrel wins new design and supply contract

(Sharecast News) - Semiconductor company Sondrel said on Tuesday that it had won a new design and supply contract for a next-generation video processing chip with a total estimated value of $23.0m across the design, qualification and projected production life of the product.

Sondrel surges on Neuralink speculation

(Sharecast News) - Sondrel shares rocketed on Thursday after the Daily Mail reported that a key part of Elon Musk's Neuralink brain chip was created by the AIM-listed company, which provides "ultra-complex chips" for technology brands.

Sondrel shares rocket on report it assisted with Neuralink brain chip

(Alliance News) - Sondrel Holdings PLC on Thursday noted its skyrocketing share price, following a report in the Daily Mail that it assisted Tesla Inc owner Elon Musk with his Neuralink brain chip project.

TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return

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

Sondrel says ASIC payment delay will hamper 2023 results

(Alliance News) - Sondrel Holdings PLC on Wednesday said that further delays to a December contract payment have put the group in a precarious cash position.

London close: Stocks slip as US jobless claims top expectations

(Sharecast News) - London's stock markets experienced a modest decline on Thursday, as the day unfolded with a pronounced lack of significant market-moving developments.

Sondrel shares plunge after payment delay; Staff to defer wages

(Sharecast News) - Shares in Sondrel plunged by more than a third on Thursday after the UK semiconductor designer asked staff to defer wages, because of a contract payment delay.

Sondrel Holdings down after payment delay prevents December payroll

(Alliance News) - Sondrel Holdings PLC on Thursday said it has been unable to meet its December payroll due to a delay in payment from an automotive manufacturer.

LONDON MARKET MIDDAY: Miners lead FTSE 100 higher on Chinese data

(Alliance News) - Stock prices in London were higher at midday Friday, putting investors in a good mood as we enter the final month of the year.

AIM WINNERS & LOSERS: Sondrel plummets as Siemens sells entire stake

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.