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An announcement from Fandango Holdings PLC ( (GB:FHP) ) is now available.
Fandango Holdings PLC announced its financial results for the year ending February 2025, highlighting ongoing efforts to acquire European Battery Metals Pty Ltd, a move seen as a strategic opportunity to enter the battery metals market. The acquisition process, classified as a Reverse Takeover, has led to the suspension of Fandango’s ordinary shares, with the company working on due diligence and securing necessary funding. Despite financial challenges, including a net liability position and incurred losses, the company has secured financial support from directors and plans to raise additional funds to support future operations.
More about Fandango Holdings PLC
Fandango Holdings PLC is an investment company focused on acquiring attractive assets to leverage its board’s experience in growing companies. The company aims to build value and create significant shareholder uplift by identifying and acquiring assets, with a current focus on a potential acquisition in the battery metals sector in Sweden.
Technical Sentiment Signal: Sell
Current Market Cap: £603K
For an in-depth examination of FHP stock, go to TipRanks’ Overview page.