Alteration Earth PLC - London-based special purpose acquisition company - Posts results for six months ended March 31. Reports no revenue, unchanged annually. Pretax loss widens to £151,301 from £129,646.
‘Whilst the effects of macroeconomic and geopolitical uncertainty throughout 2023 have continued into 2024, having a significant impact on equity capital markets in the United Kingdom, it is hoped that markets will improve during this year. Given the significant levels of public M&A activity which occurred in Q1 2024 in the United Kingdom, which has continued into Q2, it is hoped that this will act as a positive driver for increased equity capital activity which will assist the company and its partners in progressing fundraising discussions concurrent with the proposed completion of its acquisition,’ Alteration Earth says.
Current stock price: 8.56 pence
12-month change: down 32%
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