Vela Technologies PLC

UK incorporated investment company acquiring and consolidating holdings in tech enterprises.

[Novus Comms @NovusComms]

Novus Comms January 2025 #newsletter covering

@PoolbegPharma #POLB - Jan 2nd, Jan 30th | Research Talks Jan 12th, Jan 24th | @hVIVO_UK #HVO - Jan 13th, Jan 22nd, Jan 28th, Jan 29th | @velatech_plc #VELA - Jan 28th, Jan 31st @StockBoxMedia

https://t.co/adCQQbdiMH

[Novus Comms @NovusComms]

#VELA investee co. #WCAP @WeCapplc - Interim Results

-WeCap held CLN's directly in WeShop resulting from its subscription of £7.75m. 

-It had a 23.5% equity shareholding in Community Social Investments Ltd whose sole asset is 8,333,333 shares in WeShop.

https://t.co/ARDPTQU6Xy

[Novus Comms @NovusComms]

#VELA @velatech_plc Investee Co. - #CODE @northcoders - Trading Update

FY-2024 revenue: £8.8M (+24%)
Enrolments: +15%
Strong start to FY-2025 with growing demand for digital training & consultancy.

read-https://t.co/hJJMMrrIzi

[Novus Comms @NovusComms]

#VELA @velatech_plc - Quarterly Investment Update

- The value of Vela's total assets (incl cash) decreased by £385,000 during the quarter to £2,670,000 from £3,055,000 (quarter to 30 September 2024 - an increase of £251,000).

https://t.co/fDaQv3Utlg

[Novus Comms @NovusComms]

#VELA investee co. #SKL @iSkillcast - Full Year Trading Update

-The Group's revenue for 2024 is expected to be c.£13.3 million, 18% higher than the previous year (2023: £11.3 million).

-The ARR* grew by 25% from £9.3 million

https://t.co/5n2FnmsbAq

[Novus Comms @NovusComms]

#VELA Vela Technologies Plc - Investee Co. - R8 CAPITAL INVESTMENTS - Restoration

-FCA restores R8 Capital Investments shares to the Official List (effective 22/01/2025)

read-https://t.co/rq68VHUeSO

[Novus Comms @NovusComms]

#VELA investee #FIN @_finseta - 2024 Full Year Trading Update

-Growth in active customers2 to 1,059 (2023: 906)

-Revenue increased by c. 19% to £11.4m (2023: £9.6m)

https://t.co/vlKJfivqc3

[Novus Comms @NovusComms]

#VELA investee co. #ENSI @EnSilica - Directorate Changes

-Stephen Brindle has been appointed as a Non-executive Director of the Co.

-He has extensive experience in number of senior roles across financial services, capital markets and the tech sector.

https://t.co/AAnwAHOsYm

[Novus Comms @NovusComms]

#VELA investee #WCAP @WeCapplc - WeShop SEC Submission

-Submitted a draft "Registration Statement" on Form "F-1" to the Securities and Exchange Commission (the "SEC") relating to the proposed direct listing of its ordinary shares.

https://t.co/8w4eaBzRMQ

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#TSP @TruSpinePLC - Interims for 6 months ended 30 Sept 2024
✅ FDA submission is progressing
✅ Co remains in pre-revenue stage & is in discussions with various parties to agree a substantial fundraise in 2025

Read: https://t.co/RuKXkJOrjj

[Novus Comms @NovusComms]

#VELA @velatech_plc - investee co Tribe Technology #TRYB announces that CEO Charlie King has agreed with the Board that he will step down from his role as CEO and will leave the Board with immediate effect

read: https://t.co/LVC0T3KDji

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#VELA @velatech_plc investee co Tribe Tech #TRYB funding update, proposed AIM cancellation & delay in publication of report & accounts

"To secure financing on favourable terms the most appropriate course of action is to cancel the AIM listing"

https://t.co/FCV4kMDcH3

[Novus Comms @NovusComms]

#VELA @velatech_plc interims to Sept 30 2024

✅ Balance sheet decrease due to Conduit revaluation
✅ Total assets £3.804m ( Sept 30 2023: £7.542m). ✅ Cash & cash equivalents of £103k
✅ 14 active investee co's & 2 legacy investments valued at £nil

https://t.co/koMMz1gz7F

[Novus Comms @NovusComms]

#VELA @velatech_plc - Investee Co. - #WCAP @WeCapplc - SUBSCRIPTION TO RAISE £172,000 AND BOARD CHANGES

-Raised £172K through 20.2M new shares at 0.85p.

-Thomas Richardson appointed Non-Executive Chairman.

read-https://t.co/lyfDEh9F6i

[Novus Comms @NovusComms]

#VELA @velatech_plc - Update re. investment in Igraine plc via convertible loan note

-Igraine entered into its exclusive investments rights agreement with GEM Energia Limited. Vela has paid £50,000 to Igraine out of £500,000 unsecured CLN facility

https://t.co/Ol9CCYL9iv

[Novus Comms @NovusComms]

#VELA investee co. #KING Igraine - Maiden Exercise of Investment Rights Over GEM Energia

-Secured the investment rights over GEM Energia Limited & its Special Purpose Vehicles incl right of refusal on all battery storage projects with GEM's portfolio.

https://t.co/qylnjiQHJ7

[Novus Comms @NovusComms]

#VELA @velatech_plc - investee co @IgrainePlc #KING announces that GEM Energia Limited now holds 35,510,811 shares (29.10%) of the company.

https://t.co/oPdrqhiYKu

[Novus Comms @NovusComms]

#VELA @velatech_plc - Investee Co Tribe Tech's #TRYB RC Drilling System Update

✅ Product demonstrations & presentations undertaken with Sample System & Drill Rig with Remote Command Hub to current & potential customers at AARP in Australia.

https://t.co/CejOZJNw5R

[Novus Comms @NovusComms]

#VELA @velatech_plc investee co #R8 Capital #MODE terminates discussions with Redwood Financial

✅ R8 is considering fundraising options & has applied to the FCA to restore shares to trading
✅ Also seeking alternative acquisition opportunities

read: https://t.co/BmmIKEqMqw

[Novus Comms @NovusComms]

#VELA investee co. #ENSI @EnSilica - New Contract for a Timing Controller ASIC

-It has been awarded a contract for the design and supply of a precision timing controller ASIC to be used in high value industrial test equipment products

https://t.co/b1ZsOwolnH