Small Cap Feast

8th April 2024

Dish of the day
No Joiners today
Off the menu
No leavers today


Dish Of The Day:


Admissions: 
European Green Transition (EGT.L) a developer of green economy assets in Europe which aims to capitalise on the opportunity created by the green energy transition has joined AIM with a successful placing and subscription at a price of 10p per share. The Company has raised approx. £6.46m. On Admission, the Company will have a market capitalisation of approximately £14.5m

Delistings: 








Whats baking in the oven?

Potential Initial Public Offerings:

21 March 2024: Helix Exploration —The Company pursuing the exploration, commercial development and monetisation of a non-hydrocarbon associated helium rich gas structure in the Ingomar Dome located in central Montana, USA announces its intention to list its shares on AIM. Total capital to be raised on Admission of up to £7.5m. Expected Admission date of early April 2024.


Reverse Takeovers:


Change of Market:


Banquet Buffet

Aptamar Group 0.625p £2.9m (APTA.L)
The developer of novel Optimer binders to enable innovation in the life sciences industry announces that it has filed a patent application to protect the recently developed Optimer binder sequences for novel applications in fast moving consumer goods generated as part of its partnership with Unilever. The patent was submitted on 28 March 2024. Submission of this patent application reinforces the ongoing commercial protection of Aptamer Group's leading technology position in the development of high-performance binders.

Cora Gold Limited 2.1p £9.5m (CORA.L)
The West African focused gold Company announces that an exploration drill programme is due to start shortly at its Madina Foulbé gold permit within the Kenieba Project Area (Project) in east Senegal. A 2,000m Reverse Circulation drilling programme scheduled to evaluate the most prospective gold anomalies not previously drill tested is to start. The drill contract has been signed and site preparation commenced ahead of drilling due to start week 15 April 2024 and complete in May 2024.

ELECO 93p £77.4m (ELEC.L)
The specialist software provider for the built environment, announces the appointment of James Pellatt to the Board as an independent Non-Executive Director. James has over 25 years of senior leadership experience in technology and the built environment. He also led the use of data resulting in the British Property Federation Award for 'Best Use of Data' in 2023 and he has also studied Digital Transformation at MIT, including a specialism in Machine Learning and Artificial Intelligence.

Faron Pharmaceuticals 132.5p £91.2m (FARN.L)
A clinical-stage biopharmaceutical Company pursuing a CLEVER approach to reprogramming myeloid cells to activate anti-tumor immunity in hematological and solid tumor microenvironments announces that its Chief Executive Officer (CEO) Dr. Markku Jalkanen has informed the Board of Directors of his wish to retire from his position as the Company's CEO during the course of Q2 2024, while continuing in his role as Board Member. The Company's current Chief Operating Officer, Dr. Juho Jalkanen, would be the best candidate to succeed Dr. Markku Jalkanen as CEO of the Company, effective May 1, 2024.

Intercede Group 111.5p £64.5m (IGP.L)
The cybersecurity software Company specialising in digital identities announces the following trading update for the financial year ended 31 March 2024 (FY24). The Group further announces that revenues for FY24 are expected to be approximately £20m (2023: £12m), 65-66% higher than FY23 and 66-67% higher on a constant currency basis. As at 31 March 2024, gross cash balances totalled £17.2m (2023: £8.3m). The Group has no debt.

Mirriad Advertising 2.2p £10.8m (MIRI.L)
The in-content advertising and virtual product placement Company announces that it has entered into a strategic agreement (Partnership) with TripleLift Inc. TripleLift's SSP will facilitate automated selling of in-content inventory from Mirriad's growing number of supply partners into leading media buying platforms such as Google's DV360 and the Trade Desk. Mirriad and TripleLift will continue to monetise their unique services via the respective fees generated from inventory transactions.

One Heritage Group* 10p £3.9m (OHG.L)
The UK-based residential developer, development manager, and property manager focused on the North of England, announces that Yiu Tak (Peter) Cheung has tendered his resignation as Chief Investment Officer (CIO), effective 30th April 2024. The Company has recruited a new Head of Investment, who will officially start in post on 15th April 2024.

Renalytix AI 28.5p £34.2m (RENX.L)
An in-vitro diagnostics and laboratory services Company that focuses on the new field of bioprognosis for kidney health announces a fundraise of $1m at $0.75 NASDAQ ADS ($0.375 per Ordinary Share) to DB Capital Partners Healthcare, L.P. The sale and purchase shall complete no later than 19 April 2024. The net proceeds of the Fundraise will be used to support commercial sales activity and provide enhanced optionality as the Company continues its ongoing Formal Sale Process, as previously announced.

Tekmar Group 10p £13.8m (TEK.L)
A provider of products and solutions for the global offshore energy market announces it has recently secured a number of contract awards, with a cumulative value of approximately £6m. The contracts comprise the manufacture and supply of concrete mattresses and sleepers to support subsea pipelines, PRP rock bags and lifting equipment rental. Separately, Tekmar's offshore wind business has secured a contract award of approximately £2m with a tier one offshore wind contractor for the design and supply of Tekmar Group's flagship Generation 10 cable protection system. These contract awards support an order intake of approximately £23m in the financial year to date.

Windar Photonics 34.5p £23.7m (WPHO.L)
A technology group that has developed a LiDAR wind sensor and software suite designed to efficiently and cost effectively increase the power output of electricity generating wind turbines announces that it has received a significant new order with a gross value of US$1.27m. This new order represents the Company's third full wind farm deployment in North America with Vestas V82 wind turbines to be equipped with the Company's Windar WindEye / WindTimizer optimisation solution. The Company is further proposing to raise up to £4m (with a minimum of £2m) by way of a placing at a price of 35 pence per Placing Share.

8 April 2024
*A corporate client of Hybridan LLP or retained by Hybridan LLP for certain services
** Arranged by most recent first
*** Alphabetically arranged

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