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Falanx Group Ltd ( (GB:CHL) ) just unveiled an update.
Cloudified Holdings Limited (CHL), an AIM-listed cash shell, reported interim results for the six months ending September 30, 2024. Post-period highlights include a £500,000 cash raise through new ordinary shares, with Othman Shoukat and Richard Collett joining the board, and a focus on acquiring a media and events asset in Q2 2025 to enable the resumption of trading. The company, which transitioned to a cash shell after selling its cybersecurity business, is strategically preparing for a reverse takeover (RTO) and maintaining minimal costs to facilitate a potential members voluntary liquidation if necessary. The company aims to complete an acquisition in the media sector, supported by Salonica Capital’s investment, and plans a share bonus issue for shareholders if the acquisition progresses as intended.
More about Falanx Group Ltd
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £118.4K
For an in-depth examination of CHL stock, go to TipRanks’ Stock Analysis page.