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Pin to quick picksVela Technologies Share News (VELA)

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IN BRIEF: Vela Tech To Invest GBP150,000 In Spinnaker Opportunities

Tue, 02nd Feb 2021 13:31

Vela Technologies PLC - Bingley, England-based company with investments in early-stage disruptive technology businesses - Agrees to invest GBP150,000 into Spinnaker Opportunities PLC - to be re-named Kanabo Group PLC - through the subscription for 2.3 million shares at 6.5 pence each, with the new cash to support Kanabo's operations.

The investment is as part of Spinnaker's placing and subscription to raise GBP6.0 million in conjunction with its reverse takeover acquisition of Kanabo Research Ltd. Admission of the enlarged share capital of Spinnaker to trading on the main market of the London Stock Exchange will take place on February 16, after which Vela will hold 0.6% stake in the newly-listed company.

Vela's current stock price: 0.066 pence

Year-to-date change: down 18%

Spinnaker's current stock price: 4.65 pence, suspended from trading

Year-to-date change: flat

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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1 Oct 2018 15:18

Vela Tech Negotiates Loan Repayment With Both Shareholder And Director

LONDON (Alliance News) - Vela Technologies PLC on Monday said it has extended the repayment date for half of its GBP400,000 loan notes, and that the holder of the other half of these notes will an

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27 Sep 2018 15:36

Vela Technologies Annual Loss Widens On Lower Value Of Investments

LONDON (Alliance News) - Vela Technologies PLC on Thursday said its loss widened in its financial year 2018 following a reduction in value of its investments.The investment company said its

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19 Jun 2018 11:22

Vela Technologies Invests GBP200,000 In Event Ticket Marketplace

LONDON (Alliance News) - Early stage-focused investment company Vela Technologies PLC said on Thursday it has invested GBP200,000 into Vibe Group Holdings Ltd, the holding company of Vibe Tickets

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11 Jun 2018 12:21

Argo Blockchain To Raise GBP20 Million Via London IPO (ALLIPO)

LONDON (Alliance News) - Argo Blockchain PLC said Monday it plans to raise GBP20 million via initial public offering of its shares on the main market of the London Stock Exchange.The of the

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29 May 2018 14:15

Vela's Investee Changes Name And Operations Prior To TSX Listing (ALLIPO)

LONDON (Alliance News) - Vela Technologies PLC on Tuesday said African Hydrocarbons Inc confirmed the name change to BlockchainK2 Corp as it prepares to list on Toronto Stock Exchange.The a

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21 May 2018 14:51

Vela Investing In African Hydrocarbons After BlockchainK2 Name Change

LONDON (Alliance News) - Vela Technologies PLC announced today that African Hydrocarbons Inc has been given conditional approval from the Toronto stock exchange to change its name to BlockchainK2

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9 May 2018 12:54

Vela Technologies Investee Vibe Tickets Enters Administration

LONDON (Alliance News) - Shares in Vela Technologies PLC fell on Wednesday as it said investee THEVIBE Ltd went into administration at the end of April.Vela shares were trading at 0.40 down

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29 Mar 2018 10:50

Vela Technologies Invests GBP150,000 More Into Travel Start-Up Portr

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Thursday it had invested a further GBP148,466 in travel technology company Portr - which as

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16 Mar 2018 14:24

Vela Technologies BTL Stake Worth GBP2.3 Million After Shares Fall

LONDON (Alliance News) - Investment firm Vela Technologies PLC said Friday its stake in portfolio firm BTL Group Ltd was worth GBP2.3 million despite share as -

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14 Feb 2017 12:41

Vela Notes Blockchain Pilot Project For Investee Firm BTL Group

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13 Jan 2017 15:44

Vela investment BTL makes progress in energy and finance spaces

(ShareCast News) - Early stage and pre-IPO disruptive technology investment firm Vela noted an announcement released by BTL Group on Friday, which provided details on BTL's blockchain pilot project with a leading energy company and an update on BTL's previously-announced pilot in the finance and ban

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15 Nov 2016 12:21

Vela Technologies confirms THEVIBE Ltd raises c.£600,000

(ShareCast News) - Vela Technologies has confirmed that THEVIBE Ltd's funding round via Crowdcube funding has raising a total of £608,890. THEVIBE Ltd trades as Vibe Tickets. Vela said it invested £200,000 in Vibe Tickets as part of this funding round. After completion of the funding round, Vela ho

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4 Oct 2016 14:31

Vela Technologies chips in to Vibe Tickets fundraising

(ShareCast News) - Early stage and pre-IPO disruptive technology investing company Vela Technologies announced on Tuesday that, following the announcement of the loan note fundraising on 9 September, it has been approached with regards to new potential investment opportunities. The AIM-traded firm s

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9 Sep 2016 10:36

Vela Technologies issues loan notes to raise £400,000

(ShareCast News) - Early-stage technology investor Vela Technologies issued convertible loan notes to certain shareholders to raise £400,000 for working capital and future investments. The loan notes were only made available to certain shareholders of the AIM-listed company, including one of its dir

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5 Sep 2016 15:36

Vela Technologies improves minuscule revenue, widens loss

(ShareCast News) - Vela Technologies, the investing company focused on early-stage and pre-IPO disruptive technology investments, announced its results for the year ended 31 March on Monday. The AIM-traded firm reported total revenue for the year of £9,000, up from £8,000 in the year before. Its to

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