* A corporate client of Hybridan LLP.
** Potential means Intention to Float (ITF) or similar announcement has been made.
***Arranged by type of listing and date of announcement.
****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication.
Admissions:
Today, Acceler8 Ventures (AC8.L) completed its all-share acquisition of Intuitive Investments Group, before relisting on the Main Market, approximately £600m market capitalisation. Intuitive Investments Group (IIG.L) left the Main Market as part of this transaction
Delistings:
Today, Cordel Group (CRDL.L) left AIM
What’s baking in the oven?
It's a little empty
Banquet Buffet****
Afarak Group 22.40p £58.55m (AFRK.L)
The specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa released its interim report for H1 2026. The Group recorded a revenue decrease of 25.9% to EUR 57.1m, with processed material sold decreasing by 25.9% to 11,372 tonnes. The demand for standard grade low carbon ferro-chrome is expected to improve after the summer holiday, given the very low inventories of the industry at present. The weak US$ will continue to impact the profit margins, and cheap imports from Kazakhstan, Turkey, Brasil and India will continue to weigh on the market price development.
Arrow Exploration Corp 28.00p £78.90m (AXL.L)
The high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins has announced the acquisition of a 100% working interest in a 550 boepd oil producing property in Thorsby, Central Alberta Canada, for CAD$12.5m. The highly cash generative asset generated $2.0m CAD of operating income in the last 12 months, with a significant 1P reserve base of 4.973m boe, 2P of 7.537m boe and prospective opportunities across 9,501 net acres of land. Management plans to deploy development program across lower Cretaceous Sparky reservoir, having identified 22 low-cost, quick payout drilling locations on the property.
Beowulf Mining 10.50p £6.79m (BEM.L)
The mineral exploration and development Company, and its wholly-owned subsidiary Jokkmokk Iron Mines AB, announced that the infill drilling campaign has been completed at the Kallak iron ore project in northern Sweden. 1,072 metres was drilled in seven holes, with mineralisation confirmed in each hole. A number of holes encountered mineralised intervals that exceeded the widths anticipated at the planning stage and consequently the holes were extended. The geological, geotechnical and structural logging is nearing completion ahead of sample preparation and assaying. The objective of the drilling programme is to tighten drill spacing and convert near surface Inferred resource into Measured and Indicated categories in northern portion of Kallak North.
Iomart Group 14.40p £16.07m (IOM.L)
The secure cloud services Company announced the appointment of Matthew Waymark as CFO and Director of the Board, effective 14 September 2026. Matt is an accomplished executive finance leader with a proven track record in driving business strategy and transformation in both large listed and small start-up businesses. His experience spans roles at NatWest Plc, including as the FD of the Commercial & Institutional Division as well as previous roles as Director of Investor Relations, Head of Group Financial Planning & Analysis and Director of Finance. Most recently, Matt was the CFO at a start-up bank. Matt trained as a chartered accountant at Deloitte.
London BTC Company Limited 1.60p £5.82m (BTC.L)
The Main market-listed company announced that high-grade Antimony has been recorded only 120 metres south of the Company's Black Star Gold-Silver Project in Nevada, USA and is optimistic that Antimony may also have the potential to be present on its Black Star mineral claims. On 15 July, the Company announced a gold discovery in Nevada with surface sampling reporting grades up to 16.23 g/t (0.52 oz/t Au) and 50.5 g/t silver (1.62 oz/t Ag). It has now been determined that the gold and silver mineralisation at Black Star sits within the same trending mineralised corridor as reported immediately to the south of the Company's mineral claims. Detailed research by the Company's geological team has identified key and important historical data highlighting the area's potential for hosting high-grade of Antimony discoveries.
Norman Broadbent 187.50p £3.66m (NBB.L)
The Executive Search and Interim Management firm with an ambitious growth plan to scale the business through disciplined investment in fee-earning capacity announces that on 14 August it granted options over in aggregate 345k ordinary shares in the Company to both Executive Directors and certain employees under its Enterprise Management Incentive Share Option Scheme. The Options are exercisable at nominal value of 5p per Ordinary Share. The Options will vest over a three-year period from date of grant and are subject to the achievement of three performance conditions- Up to 50% of the Options will vest based on cumulative Net Fee Income performance, up to 30% based on the Company's share price performance, and the remaining 20% based on cumulative underlying EBITDA performance.
Sound Energy 1.75p £3.97m (SOU.L)
The transition energy Company announced that David Blewden has tendered his resignation and intends to step down from the board on 12th February 2027 after six and a half years of service to the Company. David has served on the Board since July 2020 and has chaired the Audit Committee from that date. David also served on the Remuneration & Nominations Committees and more recently the Health, Safety, Security and Environment committee. David has decided to reduce his work commitments and has given sufficient notice to affect an orderly succession for a new independent Non-Executive Director. With the Company's balance sheet debt eliminated and material cash to pursue new opportunities, David has ensured Sound has a stable and solid future.
Touchstone Exploration Inc 9.75p £35.29m (TXP.L)
The exploration Company reported its financial and operating results for the three and six months ended June 30 and provided an operational update. Driven by a 77% quarterly improvement in operating netback to $24.37 per boe, the Company generated $7.13m in funds flow from operations and delivered $2.34m in net income, successfully reversing the first quarter loss. Operationally, Touchstone exited the quarter with improved production capacity, enhanced infrastructure, and multiple near-term production optimisation opportunities. With the Cascadura booster compressor operating reliably and delivering initial performance ahead of expectations, and several well intervention programs scheduled for the second half of 2026, the Company is well positioned to enhance production as regional pipeline constraints normalise following the planned Atlantic Train 4 outage.
Winking Studios Limited 14.25p £61.78m (WKS.L)
The global AAA game art outsourcing studios and an established game development Company announces its unaudited results for the six-month period ended 30 June 2026. Revenue grew by 21%, led by strong demand for art outsourcing, while repeat business and bookings provide good visibility over underlying activity. At the same time, the Company chose to accelerate investment in two areas: building a stronger North American presence through the acquisition of and further investment into Ampera and developing AI-enabled game development capabilities. The Company has a healthy balance sheet with cash, cash equivalents and bond investments of US$24.6m as at 30 June, as well as low gearing.
AQSE Market
Marula Mining 3.50p £13.43m (AQSE:MARU)
The African-focused mining and development Company announced that its Board of Directors have agreed that its Executive Management team and Directors can elect to receive up to 100% of their respective accrued and future Director fees and salaries in Ordinary Shares in the Company in lieu of cash payments. The issue of the Salary and Director Shares will be conditional on the publication of the Company's 2024 and 2025 audited annual accounts, the lifting of the current suspension of trading in the Company's ordinary shares on the Aquis Stock Exchange, and the shareholder approval at the Company's forthcoming 2024 and 2025 AGM.
What’s baking in the oven?
Potential IPOs:***
Dual List:***
5th August: 1947 Oil & Gas, the newly incorporated oil and gas production Company focused on acquiring, operating and growing a portfolio of producing assets in the US, announced its intention to IPO onto AIM. In connection with Admission, the Company has entered into a conditional agreement to acquire Renaissance Offshore, LLC, a privately held, Houston-based oil and gas production company with interests in eleven fields located in the shallow-water Gulf of America. The Company is raising gross proceeds of £50m and the expected market capitalisation of the Company on Admission will be £65m. Admission is expected to occur in August 2026.
3rd August: Africa Bitcoin Corporation has announced its intention to dual list onto the AQSE Market. The company is a financial services group with a Bitcoin Treasury Strategy dedicated to providing financial services to SMEs across South Africa with a broad suite of solutions. The Company has a primary listing on the Main Board of the Johannesburg Stock Exchange and secondary listings on the A2X Proprietary Limited and the Namibia Securities Exchange and its ordinary shares also trade on OTCQB Market in the US and the Frankfurt Stock Exchange. Expected Admission date is 17th August.
Reverse Takeovers:***
4th August: Vast Resources (VAST.L), the mining exploration, development and production company, with assets in Tajikstan and Tomania, has proposed a reverse takeover of Gulf International Minerals, which holds a 49% stake in the Aprelevka JV in Tajikistan, alongside the Tajik government's 51%. The company intends to complete the transaction via an all-share consideration deal with Bay Square Pacific and its shareholders. Alongside the Acquisition, the Company has conditionally raised gross proceeds of £5.9m by way of a placing of 94,400,000 new ordinary shares and a subscription for 26,359,826 new ordinary shares, in each case at 6.25p per share. The Company also intends to launch a retail offer. The expected date of admission is 19 August 2026.
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