tiprankstipranks

Vela Technologies Advances Investment in Igraine with £50,000 Loan Facility

Story Highlights
Vela Technologies Advances Investment in Igraine with £50,000 Loan Facility

Confident Investing Starts Here:

Vela Technologies ( (GB:VELA) ) just unveiled an update.

Vela Technologies has made a £50,000 payment to Igraine plc as part of a convertible loan note facility, following recent corporate developments at Igraine. The company has the option to provide an additional £450,000, with £150,000 obligated and £300,000 discretionary, marking a significant step in its investment strategy. Igraine’s strategic partnerships, including one with BES3 Holdings Ltd for a development project in North West England, underline the potential growth and impact on stakeholders.

More about Vela Technologies

Vela Technologies plc is an investing company listed on AIM, focusing on early-stage and pre-IPO investments in disruptive technologies. Its investee companies are involved in developing or utilizing technology aimed at transforming their respective industries.

YTD Price Performance: -50.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.14M

See more insights into VELA stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1