From director of IR, Pete “the pump” Sekhon22 Apr 2025 15:54
“Just a personal note from me following today’s news. We’re all heartbroken that the deal has fallen through. I feel it as just as much if not more than anyone involved, especially knowing what it meant for each of us after such a long, hard-fought effort to rebuild this brand and business.
As for the deal, it’s incredibly tough to watch something you’ve poured everything into unravel at the eleventh hour. Every weekend of calls, every meeting, every ounce of energy... gone. As the RNS said, this was the result of months of complex negotiations. Please know that from our side, every possible step was taken to make it happen. We came as close as anyone could have to what would have been an historic milestone for Valereum.
But again, we’re not out, we are regrouping. We’re determined to shape something new out of this that still achieves what we set out to do.
It’s been an incredible difficult 24 hours, we are not hiding or not confronting this challenge, we turned it around once before and will do so again...We all wanted this to happen and work and were led to believe it was happening.
I’m sorry I can’t really say much more but if anyone thinks I take any pleasure from this well you don’t know me, I have put everything into this and will always continue to do so.
I will always believe in Valereum and a way forward.”
“Just to be clear we were expecting funds by 5pm EST last night and mid morning it became apparent that wasn't the case and we collectively worked on messaging and a news release whilst trying to understand the situation.“
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