Valereum Plc (AQSE: VLRM) would like to inform the market that the £2 million option agreement with Blue Sky Vision LLC (announced on 16 December 2024 and on 2 January 2025) will not be proceeding. However, Valereum Plc is in negotiations with another entity to take up this subscription as part of the wider ongoing discussions previously announced to the market and expect to come to a satisfactory conclusion during February.
There is no guarantee that Valereum Plc will successfully close the proposed £2 million raise and further market updates will be provided in due course.
As I said yesterday the value of the company was over 3 million on the books before this massive update . Now 2.4 million market cap . Min over 4p a share it should be now . Let’s see where it goes .