Member Info for Hedgehog100

12th Apr 2023 12:09 pm RNS Admission of Shares to Standard List

Seed Capital Solutions plc (LON: SCSP), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce that commencement of dealings in its Ordinary Shares is expected to take place today, 12 April 2023 ("Admission").

The Admission Document was published on 3 April 2023 and is available on the Company's website https://seedcapitalsolutionsplc.com/

Admission and Total Voting Rights

The Ordinary Shares are expected to be admitted to trading on the Main Market of the London Stock Exchange on 12 April 2023 under the ISIN of GB00BL6CFR81 with SEDOL number BL6CFR8 and in accordance with Chapter 14 of the Listing Rules.

On Admission, the Company will have a total of 185,406,000 shares of nominal value £0.0025 each with voting rights in issue. There are no Ordinary Shares held in treasury. The figure of 185,406,000 may be used by shareholders, following Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Chairman Damion Greef commented: "As one of the last businesses to list on the standard market under the old LSE rules, our team are excited to finally bring Seed Capital to market to invest into businesses operating in market sectors that can display strong ESG credentials."

"The importance of sustainable ESG operating practices are now front and centre in the operating manuals for every business and industry sector. The market opportunities are huge; with a projected compound annual growth rate (CAGR) of 12.9%, ESG-focused institutional investment is expected to grow by 84% to US$33.9tn by 2026, making up 21.5% of all assets under management*."

"Seed Capital fully intends to participate in this growth opportunity by investing into businesses operating in market sectors that can display strong ESG credentials. I look forward to reporting back to you as our investment programme develops."

*Source: PWC ESG Market Report October 2022:

https://www.pwc.com/gx/en/news-room/press-releases/2022/awm-revolution-2022-report.html

FOR FURTHER INFORMATION, PLEASE CONTACT:

Seed Capital Solutions plc Tel: +44 (0)1535 647 479

Chairman Damion Greef

Brand Communications Tel: +44 (0) 7976 431608

Public & Investor Relations

Alan Green

ABOUT SEED CAPITAL SOLUTIONS PLC

Seed Capital Solutions Plc (LON: SCSP) has been formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance aligned with increased investor appetite.

https://www.lse.co.uk/rns/SCSP/admission-of-shares-to-standard-list-gj7a9g0qqdu1kjs.htm

COMPARE & CONTRAST:-

1. Newly floated ESG shell Seed Capital Solutions (SCSP): 0.875p, market cap £1.622M.

12th Apr 2023 12:09 pm RNS Admission of Shares to Standard List

"Seed Capital Solutions plc (LON: SCSP), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce that commencement of dealings in its Ordinary Shares is expected to take place today, 12 April 2023 ("Admission"). ..."

https://www.lse.co.uk/rns/SCSP/admission-of-shares-to-standard-list-gj7a9g0qqdu1kjs.html

From Seed Capital Solutions' prospectus dated 31st. March 2023:-

"The Net Subscription Proceeds after deduction of expenses, will be approximately £837,000 on the basis that the Company has raised gross proceeds of approximately £971,000 pursuant to the Subscription."

https://seedcapitalsolutionsplc.com/wp-content/uploads/2023/04/Seed-Capital-Solutions-PLC-Prospectus-20230404.pdf

https://seedcapitalsolutionsplc.com/reports-and-accounts/

2. Aura Renewable Acquisitions (ARA): 5.5p, market £577.5k. Cash c. £800K.

ARA's market cap. is over a million pounds less than that of SCSP's, despite the fact that they have a very similar amount of cash.

And in addition:-

• ARA's directors are unpaid, whereas SCSP's three directors are each paid £24K. p.a.

• ARA's directors are more experienced, including ESG sector experience, and have achieved more success.

• ARA floated thirteen months ago, and is far further down the road to a RTO than SCSP.

10th May 2023 7:00 am RNS Trading Update

Half-year Trading update

First six months of trading in line with expectations and confirmation of 2023 market guidance

IXICO plc (AIM: IXI), the medical imaging advanced analytics company delivering intelligent insights in neuroscience, today provides a trading update ahead of its interim results for the six months ended 31 March 2023.

Key metrics:

• Revenues expected to be £3.2m for six months to 31 March 2023 (H1 2022: £3.9m);

• Contracted order book of £13.3m as at 31 March 2023 (H1 2022: £12.6m);

• Strong cash balance at 31 March 2023 of £5.0m (H1 2022: £5.9m), debt free, and operating cash generative;

• Loss before interest, tax, depreciation, and amortisation to 31 March 2023 expected to be £0.6m (H1 2022: £0.5m profit).

The Board reaffirms market guidance for the full year and return to revenue growth in 2024. 2023 will be the final period to reflect the negative impact of the large HD-trial cessations announced on 23 March 2021 and on 20 January 2022, with revenues now increasingly driven by recently contracted trials across a broader range of therapeutic areas.

IXICO continues to invest in creating a medical imaging company with leading advanced AI analysis capabilities, delivered through a next generation imaging platform designed to address the growing demand for neuroimaging.

The Company's first half results will be released on 23 May 2023.

Giulio Cerroni, CEO of IXICO, said: "The re-building of our order book is a priority as we look to benefit from investments we are making in our commercial capabilities to support our pipeline of opportunities and address the demand for our specialist AI neuroimaging analytical services.

The combination of our diversified order book, near term opportunities and a commitment to being at the forefront of AI based imaging biomarker analysis, mean we are well placed to deliver double digit revenue growth across the second half of FY-2023 as compared to the first half, providing the foundation for further growth across 2024 and beyond."

https://www.lse.co.uk/rns/IXI/trading-update-8lbyk4tb6lmpuzo.html

Impax Asset Management (IPX) shows the strong investor appetite for green investment, and the fantastic returns that can be achieved in this area:-

"About Us

A specialist asset manager, investing in the opportunities arising from the transition to a more sustainable global economy.

Founded in 1998, Impax Asset Management has pioneered investment in the transition to a more sustainable global economy and today is one of the largest investment managers dedicated to this area."

https://impaxam.com/about-us/

(IPX) has a current market cap. of over a billion pounds, with a P/E in the mid 20s, and a market cap. of about six times its annual revenue.

And its share price has 200-bagged within the last twenty years, from a mid 2003 low of c. 3.5p, to its current s.p. of 799p.

Impax Asset Management (IPX) shows the strong investor appetite for green investment, and the fantastic returns that can be achieved in this area:-

"About Us

A specialist asset manager, investing in the opportunities arising from the transition to a more sustainable global economy.

Founded in 1998, Impax Asset Management has pioneered investment in the transition to a more sustainable global economy and today is one of the largest investment managers dedicated to this area."

https://impaxam.com/about-us/

(IPX) has a current market cap. of over a billion pounds, with a P/E in the mid 20s, and a market cap. of about six times its annual revenue.

And its share price has 200-bagged within the last twenty years, from a mid 2003 low of c. 3.5p, to its current s.p. of 799p.

ARA's chart pattern is exhibiting the classic double bottom technical formation, a bullish reversal signal.

From Investopedia.com:-

"What Are Double Bottom Patterns?

Spot Major Potential Trend Reversals with Double Bottoms

By JAMES CHEN Updated October 13, 2022

Reviewed by CHARLES POTTERS

Fact checked by MICHAEL LOGAN

What Is a Double Bottom?

A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The double bottom looks like the letter "W." The twice-touched low is now considered a significant support level. While those two lows hold, the upside has new potential.

1

In terms of profit targets, a conservative reading of the pattern suggests the minimum-move price target is equal to the distance of the two lows and the intermediate high. More aggressive targets are double the distance between the two lows and the intermediate high. ...

While the double bottom low remains in place, price movement is likely to exhibit a retracement higher and possibly indicate the beginning of a new uptrend. ..."

Change % Chg Cur Bid Offer High Low Open Volume Chg Time RN NRN

0.50 10.0% 5.50 5.00 6.00 5.50 5.00 5.00 89,175 16:02:44

Recent Share Trades for Aura Renew Acq (ARA)

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

05-May-23 16:02:33 5.50 6,720 Buy* 5.00 5.50 369.60 O

05-May-23 14:55:40 5.49 14,390 Buy* 5.00 5.50 790.01 O

05-May-23 08:54:25 5.475 18,065 Buy* 5.00 5.50 989.06 O

05-May-23 08:37:44 5.45 50,000 Buy* 4.50 5.50 2,725 O

A nice end to the week yesterday for ARA: up 10% to 5.5p mid, on volume of 89,175 shares traded - all of which were buys.

There was under £5K. of stock available to buy yesterday for c. 5.5p/share, before the ask moved up to 6p.

So it shouldn't take much more buying to move ARA swiftly back up to the 7.5p - 8p range, to at least reflect its cash per share: anything less seems absurdly incongruous.

"Safetell Commits to Carbon Reduction with Achilles Certification

... Saving money and energy

Carbon reduction is an important method for businesses to reduce their energy use and save money, through efficiency measures such as improved insulation and lighting, more efficient heating and cooling systems and improved air conditioning. Additionally, businesses can switch to renewable energy sources such as solar, wind, and hydroelectric power, and at Newmark, we’re constantly considering how we leverage cleaner energy.

In conclusion, reducing carbon emissions should be a focus for any business that is committed to CSR and sustainability. Participating in initiatives such as the Achilles Carbon Certification Programme helps companies to make a tangible difference in reducing their carbon footprint, improving public perception, and building customer loyalty.

Carbon reduction also helps businesses save money and energy, making it a smart business decision and a socially responsible one. Newmark Security and its subsidiaries are proud to be involved in initiatives such as the Achilles Carbon Certification Programme and are fully committed to reducing our carbon emissions."

https://newmarksecurity.com/company-insights/safetell-commits-to-carbon-reduction-with-achilles-certification/

"Safetell Commits to Carbon Reduction with Achilles Certification

... The ability to make those claims is undoubtedly attractive, but there are many other reasons we’ve made this long-term commitment. Here are just a few of them:

It’s the right thing to do… and there’s no time to waste

Human-induced climate change is causing extreme conditions all over the world. So much so, the UN has described it as “code red for humanity”. There is still time to fix our climate, but time is running out, and it will require the commitment of businesses, governments, and individuals alike to make it happen.

Newmark and our subsidiary businesses are 100% committed to doing our bit, and have ambitious targets to cut our short- and medium-term carbon output significantly.

Corporate Social Responsibility (CSR)

We believe passionately in being a business that lives CSR every day. We can’t do that without making meaningful progress with our carbon footprint. Carbon reduction is one of the most critical elements of CSR, as it directly impacts the environment, public health, and the economy. Our participation in the Achilles Carbon Certification Programme is a recognition that driving CSR standards and cutting emissions go hand-in-hand.

Customer relationships

One of the primary benefits of carbon reduction for businesses is improved customer relationships. Customers are more aware than ever of the environmental impact of businesses, and want to work with companies taking steps to reduce their carbon footprint. By reducing carbon emissions, we are signposting our commitment to a cleaner environment and our status as a responsible partner and supplier.

In addition to improving customer relationships, reducing a business’s carbon footprint can also help to attract new businesses. Companies wanting to partner with new vendors often look for those who share their commitment to sustainability. By reducing their carbon footprint, we are not only demonstrating their commitment to the environment, but also our commitment to responsible decisions.

We’re also seeing a commitment to carbon reduction becoming a vital part of the tendering process. Private and public businesses understand how important reducing carbon footprints is, so we increasingly have to demonstrate our commitment to carbon reduction when bidding on new projects. ..."

https://newmarksecurity.com/company-insights/safetell-commits-to-carbon-reduction-with-achilles-certification/

NWT's website has just added a new article about Safetell's Achilles Carbon Certification Programme participation, unveiled on Safetell's website in mid April.

This new article reports it from the perspective of the NWT Group rather than its Safetell subsidiary, encompassing Grosvenor Technology too.

NWT seems to be an absolute exemplar in its commitment to green best practice, and a top choice for investors seeking great investment returns while supporting net zero objectives.

"Safetell Commits to Carbon Reduction with Achilles Certification

MAY 2, 2023"

https://newmarksecurity.com/company-insights/

"Safetell Commits to Carbon Reduction with Achilles Certification

Newmark Security is taking a leading role in reducing its carbon footprint, with its subsidiary business Safetell committing to the Achilles Carbon Certification Programme.

As the world becomes more interconnected, businesses are increasingly evaluated on their sustainability approach and Corporate Social Responsibility (CSR). Once something of a fringe consideration, they have become a primary focus for companies to remain competitive, attract and retain talent, drive innovation, and build brand loyalty.

Newmark Security knows how important it is to implement and maintain high standards of CSR and always looks at how we can be in constant improvement mode regarding sustainability. That runs throughout the whole business, right from the leadership of Newmark to our subsidiary businesses, Safetell and Grosvenor Technology.

Safetell is currently participating in the Achilles Carbon Certification Programme, a global initiative that helps businesses reduce their carbon footprint and improve their sustainability performance.

Focusing on areas such as energy efficiency, renewable energy, waste management, and transport, the benefits of the certification include improved operational efficiency, reduced costs, improved public perception, and improved brand reputation.

Specifically, the programme aids businesses in the following ways:

• Measuring greenhouse gas emissions

• Managing and reducing emissions at the source

• Verifying inventory

• Mitigating carbon footprints

The Achilles Carbon Certification Programme also helps organisations to meet their environmental targets, increase their competitive advantage and gain recognition for their sustainability efforts.

Safetell has just completed its base year of the programme, which, when completed, will mean the business is certified in accordance with ISO14064-1, allowing it to make Carbon Reduction or Net Carbon Zero claims with confidence in any market or stakeholder group, including the regulators. ..."

https://newmarksecurity.com/company-insights/safetell-commits-to-carbon-reduction-with-achilles-certification/

David David Fitzsimmons' previous renewable energy company, Novera Energy, was taken over for £112M.:-

"Smaller companies: Novera agrees to takeover deal

Peter Stiff
Saturday November 28 2009, 12.01am, The Times

Shares in Novera Energy powered up yesterday after the wind farms group finally agreed to a £112 million takeover by Infinis Energy, its rival, which is backed by Terra Firma, the private equity group.

The group, up 1p at 77p, has been the subject of a bitter takeover battle for a number of weeks, with both sides trading blows over the company’s valuation and future prospects. ..."

https://www.thetimes.co.uk/article/smaller-companies-novera-agrees-to-takeover-deal-2568krqp9rl

"DEALS NOVEMBER 27, 2009 5:01 PM UPDATED 13 YEARS AGO

Novera accepts offer from Infinis

By Reuters Staff 2 MIN READ

LONDON (Reuters) - British renewable energy company Novera NOEN.L has accepted an improved takeover bid from private equity-backed Infinis Energy, bringing to an end an takeover battle that dates back more than 18 months.

Infinis further increased its offer to 77 pence per share, after buying a 3.5 percent stake from a shareholder at that price on Friday and taking its shareholding to above the 50 percent threshold required for its bid to become unconditional.

The offer values Novera at about 112 million pounds ($184 million) and represents a 76 percent premium to Novera’s share price on the day before Infinis made its initial 62.5 pence per share bid.

It is still below the 90 pence per share price at which Terra Firma-backed Infinis had tried to take over Novera last year.

Novera, which owns landfill gas sites, hydro power stations and two operational wind farms, had repeatedly rejected the 62.5 pence bid and also rejected an offer earlier this week of 75 pence per share. [ID:nBNG532097] Novera’s board said on Friday that it considered the revised offer to be fair and reasonable and recommended shareholders accept the offer. ..."

https://www.reuters.com/article/us-infinis-novera-idUKTRE5AQ3BL20091127

15th Aug 2022 7:00 am EQS Thalassa Holdings Ltd: Interim Results
" ... Global Technology stocks took the full brunt of the 2022 correction on the chin, which has seen Cathie Woods’ ARK Innovation ETF give back virtually all its ~383% gain, and which is now down ~74% since peaking in December 2021. Many of ARK’s investments had no earnings (with no prospect of sustainable earnings) or were trading on triple digit p/e multiples. ..."
https://www.lse.co.uk/rns/THAL/thalassa-holdings-ltd-interim-results-m0nav4xukj9a0ss.html

MrMagorium,

Do you deny that since the end of 2021, there has been a general massive re-rating downwards of loss-making and green energy companies, of the sort that constitute IX.'s portfolio?

That being the case, surely it is up to IX. bulls to explain why its portfolio hasn't gone the same way, rather than others having to prove that it has.

Remember that for privately-held companies, the NAV can just be based upon its last fundraising price, which if it was before a crash may bear little reflection to the price of any future fundraising at market value.

As regards the illiquidity of most shells: I buy shells with the intention of holding through suspension for the RTO.
After that, a £1M. market cap. can be transformed overnight into a £100M. market cap., and liquidity can follow suit.

But not all shell investors have that sort of sense and discipline, which is why you can get massive shell undervaluations: if ARA wasn't so illiquid, then it wouldn't be so cheap.

"IMO hedgehog ramps any cash shells they can find to try and make a quick buck."

LOL, well in that case MrMagorium I must be the luckiest investor alive, to have such a successful hit rate!

In reality, I actually look at scores of shells, and only a tiny minority measure up against my very strict criteria of good cash underpinning, &/or near term deal likelihood.

Those I will buy, with the intention of holding through suspension for the RTO.

That is hardly a 'quick buck' by the standards of many penny share traders, as suspension is likely to be for a while, but a return of say 100% in a year is excellent.

CRES, TMOR, & ROC would give an average uplift of c. 86% during suspension (based on suspension price to RTO price), and with ROC I first tipped it at 4p, well below its suspension price of 4.7p.
ROC actually rose to 6p shortly before suspension, before falling back, but I held tight to all my shares.

And you can get a good post-RTO aftermarket rise too.

If I've alerted you to a good investment in ARA, then what are you complaining about?
You're actually getting a free ride on all my hard work and experience.

I hardly ever post negative comments on shares, and my comments on IX. at 18p, following its rapid doubling, were fairly neutral.
A NAV write-down for a company trading at a massive discount to NAV can actually be a blessing in disguise, if the new NAV is seen to be up-to-date & credible.

"Guy Ranawake, Non-Executive Director?

Guy Ranawake is an experienced financial professional with considerable experience in the renewable energy space. He is currently an Independent Adviser to a variety of technology-focused SMEs including Exagen (from 2020) (a grid-scale solar and storage developer), with a particular focus on business strategy and capital raising. Most recently, in December 2021, he became a Designated Member of SRC Partners LLP, an LLP set up for the purpose of fund management focused on private market opportunities in the sustainability and energy transition space.

Guy is also Chair of the Dalgarno Trust, having been appointed in November 2020, a charity that aims to improve the lives of those living in North Kensington, London.

From 2016 through to 2020, Guy was the Senior Investment Director and Fund Manager of Ingenious Group, an Alternative Investment Fund Manager (“AIFM”) authorised and regulated by the FCA, where he managed infrastructure and infrastructure technology funds investing in renewable energy assets and technology providers, involved in businesses such as smart grids, electric vehicle charging, and energy efficiency solutions.

He also has prior experience at Evercore (2008 to 2015), Barclays (2007 to 2008) and Citi (1995 to 2003), where he held director positions in their respective Energy and Infrastructure teams. Guy has been an Associate of the Institute of Chartered Accountants of England and Wales (“ICAEW”) since 1993, having qualified with PWC (1990 to 1995). He resides in the United Kingdom."

https://aurarenewables.com/about/

From ARA's prospectus dated 5 April 2022:-

" ... The Directors believe that their existing relationships will enable the Company to access investment opportunities in the Global Renewable Energy Sector Supply Chain. In particular, David Fitzsimmons and Guy Ranawake provide the Board with considerable experience and in-depth knowledge of the global renewable energy market. The Company will continue to conduct research and regularly monitor the renewable energy industry for potential targets. ..."

https://aurarenewables.com/investors/

In Messrs Fitzsimmons & Ranawake, you could hardly wish for a more ideally and impressively suited pair of directors to attract and arrange a great green energy RTO:-

"David Fitzsimmons, Non-Executive Director

David Fitzsimmons is highly experienced in the energy business, in both executive and non-executive positions. After a 27-year career with BP, from 1978 to 2004, he served as CEO of the UK listed renewables company Novera Energy for 4 years, from 2005 to 2009. He has subsequently advised a number of other renewables companies, including serving on the strategic advisory board of Braemar Energy in New York from 2005 to 2020.

Currently, David is a Member of the Technology Expert Service at Imperial College and has been since 2019, providing support and guidance on the commercialisation of its technologies, and has been a member of Pearlstone Energy’s Advisory Board from 2018.

Additionally, David is Chairman of Locate in Kent (appointed in 2015) , the Inward Investment Agency for Kent, as well as a Governor of Skinners Kent Academy (appointed in 2011). David has also been appointed as a director of the Skinners’ Academy, with effect from 1 January 2022. David was made Chairman of Dig Deep in 2021, having been a director and trustee since 2017, a charity that brings clean water and hygiene training to rural communities in Kenya.

Previously, David served as a director at the Renewables Energy Association (REA) from 2007 to 2009 and the International Petroleum Exchange (IPE) from 1996 to 1997. He resides in the United Kingdom."

https://aurarenewables.com/about/

MrMagorium,

I never posted speculation about a specific potential RTO target for NZI.

But very soon after I started posting positively on the company (with my first posting be on 10th. May last year at 2.1p), it announced on 19th. May 2022 the planned RTO of Taylor Construction Plant Limited and Solar Highways Limited, so my general speculation that it could unveil an RTO deal soon was spot on.

Unfortunately, the deal was later aborted, with NZI saying this:-
"Due to market conditions, the Directors of NZI believed that they could not raise the funds required to complete this transaction."

That was a failure on the part of NZI, and can be contrasted with the approach of ARA:-

16th Jan 2023 7:00 am RNS Post Year End Operational Update
" ... The Company has actively and selectively reviewed potential international acquisition targets since listing and at the same time the Board has taken soundings from the investor community to seek to best fit investment appetite with the opportunities available. ..."
https://www.lse.co.uk/rns/ARA/post-year-end-operational-update-f1xlki1k79z5hfg.html

5th Apr 2023 7:00 am RNS Annual Results
" ... The Company continues to actively review potential acquisition targets at various stages of development and operating in a number of geographic regions, all of which have potential global relevance. We also continue to take soundings from the investor community to thereby best fit investment appetite with the opportunities available. ..."
https://www.lse.co.uk/rns/ARA/annual-results-sh8jczl4e5vp28l.html

I.e. ARA are making sure in advance that investors will back the deal, and the board looks very credible and well-connected for this purpose.

ARA also has wonderfully low cashburn - for better than NZI's - and is trading at a big discount to cash.

Here are some of the other shells I've posted positively about, ahead of them unveiling RTOs at much higher s.p.s:-

1. CRES.
Suspended at 3p: intended RTO 4.625p:-
https://www.lse.co.uk/rns/CRES/statement-re-suspension-wnqgwbqiqbdoda4.html

2. TMOR.
Suspended at 0.95p: intended RTO 2.25p:-
https://www.lse.co.uk/rns/TMOR/acquisition-megasteel-and-suspension-of-trading-ccsbb9s9yt991oi.html

3. ROC.
Suspended at 4.7p: intended RTO 7.86p.
https://www.lse.co.uk/rns/ROC/potential-reverse-takeover-suspension-of-listing-ryf9u6tg0kix1sg.html

I think that most investors in shells would settle for a three out of four success rate, don't you?

And interestingly, the company's website states that it is "perfectly positioned to scale our business" ... which suggests that it could be an ideal time to float:-

"About us

Nexeon is a global leader in the development and manufacturing of ground breaking silicon based anode materials, dramatically enhancing the performance of Lithium-Ion batteries.

Our leadership team boasts decades of experience in inventing and bringing new technologies to market across the chemical, battery and automotive industry. Our talented teams come from a wide range of industries and academia, including from leading companies of battery material chemistry, major cell manufacturers and Automotive OEMs.

With our HQ based in Oxfordshire, UK and a technical centre in Yokohama, Japan, our scientists armed with expertise in inorganic chemistry and synthesis, electronics, battery technology and process engineering, are perfectly positioned to scale our business and provide a strong base for supporting our partners and customers."

https://www.nexeon.co.uk/company

Some more 'SPAC spec.'

Another potential energy storage RTO into ARA, to Superdielectrics, could be this impressive privately-held British battery tech company:-

"Power to make a difference.

Delivering a step change in energy density by creating class-leading battery materials to realise a more sustainable world.

Batteries are critical for meeting future energy demand, but what if we could use fewer of them?

More energy.
Less space.

Nexeon’s silicon anode material replaces graphite in traditional battery cells, dramatically increasing energy density."

https://www.nexeon.co.uk/

"Applications

Today's challenges require new solutions.

Electric Vehicles

Lithium-ion is the dominant battery technology for the electric vehicle market. Nexeon can help to produce lighter, cheaper and more powerful battery packs.

Wearable Devices

The wearables market continues to push the boundaries by delivering more features and performance in smaller devices. Nexeon can enable a significant increase in space and mass efficiency.

Medical Devices

Specialist batteries face even more stringent design constraints. Nexeon can help to improve the overall user experience and comfort for those reliant on these critical devices.

Consumer Electronics

Devices from cameras, power tools and drones to laptops and phones are in need of high power and high charge and discharge rate battery capability. Nexeon materials are compatible with high power applications."

https://www.nexeon.co.uk/

"Our Technology

The next generation of battery materials, ready for use today.

Our technology has unlocked the potential of silicon-based anodes, delivering a step change in energy-dense materials. Backed by over 170 patents and an extensive portfolio of industry-leading cell manufacturing and automotive partners, we are paving the way to a sustainable, electrified future.

Harnessing the power of silicon

Silicon has ten times higher specific capacity than graphite and is capable of holding more lithium in a given mass.

This means it has enormous scope to make cells with a higher energy density. Silicon is currently being adopted as a partial replacement for carbon in battery anodes, but problems arise from expansion and contraction when the cells are charged and discharged.

Nexeon's NSP1™ and NSP2™ flagship materials have overcome this hurdle, making silicon anodes a viable transformative technological solution at scale.

Introducing the era of Generation 2 battery materials."

https://www.nexeon.co.uk/technology

Megasteel, which is currently arranging a RTO into TMOR, also looks to fit ONWD's criteria well:-

17th Apr 2023 7:00 am RNS Update on Proposed RTO

"Further to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced.

The Directors of More are also pleased to confirm that the Company and Megasteel are currently undertaking an investor roadshow as part of the Proposed Acquisition.

Rod McIllree, Executive Director of More Acquisitions plc, said:

"We are pleased to report that the RTO is progressing well. We are particularly encouraged by the strong level of interest that has been being shown in Megasteel by the UK investment community to date. We are increasingly confident that shareholders can expect completion of the RTO within this quarter, subject to FCA and other relevant approvals."

Nigel Roberts, CEO of Megasteel Limited, said:

"We are very pleased that we are are now in the final stages of the proposed RTO of Megasteel Ltd by More Acquisitions PLC. I have met with several existing shareholders of More and also potential shareholders and I look forward to concluding the process speedily and successfully.""

https://www.lse.co.uk/rns/TMOR/update-on-proposed-rto-54ucf4fr63oezdz.html

The Amocri Group, which is currently arranging a RTO into ROC, also looks to fit ONWD's criteria well:-

15th Nov 2022 3:56 pm RNS Potential Reverse Takeover & Suspension of Listing

"Rockpool Acquisitions Plc, the Special Purpose Acquisition Company ("SPAC") formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland or alternative transactions with suitable targets, including those that may not have a direct connection with Northern Ireland, has entered into heads of terms ("Heads") relating to the proposed acquisition (the "Acquisition") of the entire issued and to be issued share capital of Amcomri Group Limited ("Amcomri"), the holding company of a fast-growing, acquisitive group of quality UK Engineering and Manufacturing businesses.

The group consists of nine SMEs acquired over the past five years in those industrial sectors, and has a wealth of experience in optimising business performance.

The Group primarily provides a range of specialist engineering and equipment services to the power, rail, petrochemical, process and production electronics industries in the UK and Ireland. Within these sectors it offers a range of services and equipment to allow asset owners to extend the operating life of key high value critical assets or associated infrastructure.

More recently it has established a second focus area in specialist printing in which it owns a further two operating companies, its most recent acquisition in this sector being Bex Design & Print Limited, a 35-year-old specialist screen and digital print business supplying into the electronics and other industries. ...

Mike Irvine, co-founder and Non-Executive Director of Rockpool, said: "I am delighted that we are able to announce the potential acquisition of Amcomri which is intended to see Rockpool transform from a SPAC into a profitable trading enterprise. Amcomri's track record of successfully acquiring businesses and its wealth of experience in optimising business performance when combined with the opportunities for further acquisitions that a listing should provide, make the Acquisition a transaction that should create value for both the Rockpool and Amcomri shareholders.""

https://www.lse.co.uk/rns/ROC/potential-reverse-takeover-suspension-of-listing-ryf9u6tg0kix1sg.html