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Fusion Antibodies Plc ( (GB:FAB) ) has provided an announcement.
Fusion Antibodies plc announced that all resolutions were passed at its recent general meeting, resulting in the successful raising of approximately £1.17 million through a Placing. The company has applied for the admission of 8,416,020 Second Tranche Placing Shares to trading on AIM, with trading expected to commence on 9 April 2025. This development increases the total number of ordinary shares to 113,318,140, enhancing the company’s market presence and potentially impacting shareholder interests under FCA rules.
Spark’s Take on GB:FAB Stock
According to Spark, TipRanks’ AI Analyst, (GB:FAB) is a Neutral.
Fusion Antibodies Plc is currently facing significant financial and operational challenges, reflected in declining revenues and persistent losses. Technical analysis indicates bearish momentum, while valuation metrics highlight unprofitability and a lack of income attractiveness. Despite positive corporate events aiming to strengthen growth potential, the company’s immediate financial health remains a primary concern, leading to a low overall stock score.
To see Spark’s full report on (GB:FAB) stock, click here.
More about Fusion Antibodies Plc
Fusion Antibodies plc is a Belfast-based contract research organization specializing in pre-clinical antibody discovery, engineering, and supply for therapeutic drug and diagnostic applications. Established in 2001 as a spin-out from Queen’s University Belfast, the company offers a wide range of services including antibody generation, development, production, characterization, and optimization. Fusion Antibodies serves an international client base, including eight of the top 10 global pharmaceutical companies, and aims to expedite the drug development process through innovative platforms.
YTD Price Performance: -12.06%
Average Trading Volume: 1,061,564
Technical Sentiment Signal: Buy
Current Market Cap: £6.5M
See more insights into FAB stock on TipRanks’ Stock Analysis page.