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The latest announcement is out from Iconic Labs plc ( (GB:ICON) ).
Iconic Labs PLC, listed on the London Stock Exchange, has announced the conversion of 7 Convertible Notes into 2,023,121 ordinary shares at a conversion price of GBP 0.0173. This conversion, involving Maximum Media Network as the assignee of the original note holder, Linton Capital LLP, will result in the company’s total issued ordinary share capital rising to 13,379,916 shares. The new shares are expected to begin trading on or around 5 June 2025, and this development is significant for shareholders as it affects the total voting rights in the company.
Spark’s Take on GB:ICON Stock
According to Spark, TipRanks’ AI Analyst, GB:ICON is a Underperform.
Iconic Labs plc is in a challenging financial position, with the income statement, balance sheet, and cash flow all indicating distress. The technical analysis offers little positive momentum, and recent corporate events add to the uncertainty surrounding the company’s future. Despite a low P/E ratio suggesting potential undervaluation, the overall risk profile remains high due to substantial financial and operational uncertainties.
To see Spark’s full report on GB:ICON stock, click here.
More about Iconic Labs plc
Average Trading Volume: 3,731,943
Technical Sentiment Signal: Hold
Current Market Cap: £418.6K
See more insights into ICON stock on TipRanks’ Stock Analysis page.