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Aterian PLC ( (GB:ATN) ) just unveiled an update.
Aterian PLC has issued £150,000 in convertible bonds and associated warrants to key shareholders to secure short-term funding for its strategic goals, while engaging in discussions for a larger non-equity dilutive trade finance package. The company is also in advanced talks with a potential partner to bolster its trading business, which could enhance its operational support and capital availability. These efforts are expected to facilitate Aterian’s growth initiatives, with further updates anticipated as the metals trading business resumes in early 2025.
More about Aterian PLC
Aterian PLC is a company focused on the exploration and development of critical metals. It is engaged in the minerals trading business, aiming to generate revenue to support its exploration projects and operational overheads.
YTD Price Performance: -43.12%
Average Trading Volume: 20,155
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.48M
Learn more about ATN stock on TipRanks’ Stock Analysis page.