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Iconic Labs Terminates Potential Acquisition, Seeks New Opportunities

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Iconic Labs Terminates Potential Acquisition, Seeks New Opportunities

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Iconic Labs plc ( (GB:ICON) ) just unveiled an update.

Iconic Labs PLC announced the termination of its potential acquisition of ITS Holdings 2023 Ltd, which owns In the Style Fashion Ltd, an online fashion retailer. The transaction would have been considered a reverse takeover under UK Listing Rules, but will not proceed, prompting Iconic Labs to explore alternative transactions. The company is also seeking to restore its listing on the London Stock Exchange, with further announcements expected.

More about Iconic Labs plc

Iconic Labs PLC is a company involved in acquiring and managing businesses within the retail and fashion sectors.

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £586K

See more data about ICON stock on TipRanks’ Stock Analysis page.

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