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Invinity Energy Systems ( (GB:IES) ) has shared an update.
Invinity Energy Systems has announced the successful redomiciling of the company to the UK, sanctioned by the Jersey Court, which involves establishing a new parent company incorporated in England and Wales. This move is not anticipated to affect the market value of the company’s shares, and trading on AIM and the AQSE Growth Market is set to commence on January 9, 2025. With 441,922,559 shares to be admitted to AIM, this strategic repositioning aims to strengthen Invinity’s operational and market capabilities.
More about Invinity Energy Systems
Invinity Energy Systems plc is a global manufacturer specializing in vanadium flow batteries for large-scale, high-throughput energy storage. These batteries are designed to endure over 25 years without degradation, catering to demanding applications in renewable energy production. The company was formed through a merger in 2020 and operates in major global energy storage markets, including the UK, Canada, USA, China, and Australia.
YTD Price Performance: 18.75%
Average Trading Volume: 887,682
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £85.47M
Learn more about IES stock on TipRanks’ Stock Analysis page.
