Sivota Plc Faces Challenges and Seeks New Opportunities in Israeli Tech Sector

An update from Sivota Plc ( (GB:SIV) ) is now available.

Sivota Plc has faced challenges with its majority-owned subsidiary, Apester, which filed for bankruptcy, resulting in a $2.9 million impairment loss. Additionally, Sivota terminated negotiations for an investment in an online technology platform in the travel sector but remains committed to exploring new M&A opportunities. The company is currently a cash shell and is in the process of raising funds to support its operations, with uncertainty surrounding its ability to secure future financing and investment opportunities. Despite these challenges, Sivota is optimistic about its pipeline and potential prospects, aiming to capitalize on opportunities in the Israeli technology sector.

More about Sivota Plc

Sivota Plc operates in the investment sector, focusing on technology companies, particularly in Israel. The company aims to leverage its connections and expertise to bridge the gap between European/UK investors and the Israeli technology market, which has seen significant foreign investment, primarily from the United States.

YTD Price Performance: 28.57%

Average Trading Volume: 9,140

Technical Sentiment Signal: Buy

Current Market Cap: £566.3K

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