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Vela Technologies ( (GB:VELA) ) has issued an announcement.
Vela Technologies has sold 425,000 shares in EnSilica, generating approximately £196,864, with a realized gain of £10,625 expected for the financial year ending March 2025. The proceeds are being used for general working capital, and Vela retains a small stake in EnSilica, which engages in the design and supply of ASICs across various markets, contributing to its revenue and profitability growth.
More about Vela Technologies
Vela Technologies plc is an investing company focused on early stage and pre-IPO investments in disruptive technologies. It targets companies that leverage technology to potentially disrupt their sectors, and it also invests in listed companies when valuations present opportunities.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.04M
For detailed information about VELA stock, go to TipRanks’ Stock Analysis page.
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