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1Spatial ( (GB:SPA) ) just unveiled an update.
1Spatial said all required antitrust and regulatory approvals for its recommended cash acquisition by VertiGIS have now been secured following clearance of the French foreign direct investment condition. This removes a key hurdle to the takeover and advances VertiGIS’s move to acquire the entire issued share capital of the AIM-quoted geospatial data specialist.
The deal remains subject to court sanction and remaining procedural steps, with a sanction hearing scheduled for 16 April and the scheme expected to become effective on 29 April. Trading in 1Spatial shares on AIM is slated to be suspended on 29 April and cancelled on 30 April, paving the way for the company’s removal from public markets and completion of its sale to VertiGIS.
Spark’s Take on SPA Stock
According to Spark, TipRanks’ AI Analyst, SPA is a Neutral.
1Spatial’s stock score is primarily influenced by strong financial performance and technical indicators, despite concerns over valuation. The high P/E ratio and lack of dividend yield significantly impact the overall score.
To see Spark’s full report on SPA stock, click here.
More about 1Spatial
1Spatial Plc is a UK-listed provider of geospatial data management and location intelligence solutions, serving government agencies, utilities and infrastructure clients. The company’s software and services focus on validating, integrating and managing complex spatial data, positioning it within the broader geographic information systems and digital infrastructure markets.
Average Trading Volume: 649,149
Technical Sentiment Signal: Buy
Current Market Cap: £80.44M
Find detailed analytics on SPA stock on TipRanks’ Stock Analysis page.