TUN now solvent6 Feb 2026 07:57
Disappointing there wasn't a rights issue as part of the offer or similar entitlement for existing shareholders, but the company getting in £40m proceeds means that it'll no longer be struggling to pay day-to-day bills - indeed I sold most of my holding last year since there seemed to be a genuine risk of the company going bust back then, how different things look now.
I'm also glad to see the company now looking solvent to strengthen its position re. financing for the future, rather than being desperate for any deal no matter the long-term cost (CLN holders did particularly well from TUN being in a distressed position when those were setup, so now there's no need to see something like that repeated)