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More Acquisitions PLC ( (GB:PRIS) ) has issued an update.
Pristine Capital has provided an update on its stalled proposed acquisition in the real estate sector, confirming it is still reviewing potential legal action over an alleged breach of commercial confidentiality by a prospective investor. The board is negotiating abort fees with advisers to clarify the company’s financial position, and creditors have indicated flexibility over timing and amounts due, while initial talks with shareholders and other parties suggest potential support for a future equity raise.
The company has warned it must secure new funding before it can publish its annual report for the year to 31 October 2025, and does not expect to complete this process before the 28 February 2026 reporting deadline. As a result, trading in Pristine’s shares will remain suspended until the accounts are released, prolonging uncertainty for investors and underlining the company’s reliance on fresh capital to move forward with any new transaction.
More about More Acquisitions PLC
Pristine Capital Plc is a Main Market cash shell listed on the London Stock Exchange, with a sector focus on real estate transactions. The company does not currently operate a trading business but instead aims to execute a qualifying acquisition in the real estate space, using its listed status to facilitate deals and future capital raising activities.
Technical Sentiment Signal: Sell
For detailed information about PRIS stock, go to TipRanks’ Stock Analysis page.