Chrysalis Investments Limited (GB:CHRY) has released an update.
Chrysalis Investments Limited has successfully sold its stake in Graphcore to SoftBank Group Corp, expecting to receive approximately $56.0 million, a 25% premium over the investment’s carrying value. This sale boosts Chrysalis’s liquidity to around £50 million, meeting the cash reserve requirements of their Capital Allocation Policy. The transaction has proven beneficial despite Graphcore’s investment thesis not unfolding as expected, with the company’s knowledge in AI being acknowledged by SoftBank.
For further insights into GB:CHRY stock, check out TipRanks’ Stock Analysis page.
