BIG SQUEEZE!15 Oct 2025 11:06
Kudos to shareholders….PEEL / ALLENBY took the buscuit and it backfired big time!
Dr Ian Gilham, Non-executive Chairman of genedrive plc, said: "Shareholders have comprehensively voted against this financing proposal which would have provided the Company with a cash runway through to Q2/Q3 2026 plus the potential of further funding from the exercise of warrants. In light of the significant efforts that have already gone into raising additional funding leading to this proposal the Company is cautious about the prospects of securing further capital on terms more favorable to the deal which necessitated this shareholder vote. However the Board would continue to welcome and encourage any alternative financing proposals from shareholders or other interested parties that could support its ongoing growth and strategic objectives."