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Vela Technologies ( (GB:VELA) ) has provided an announcement.
Vela Technologies PLC has announced significant changes including a £1.1 million fundraising effort, board changes, and a strategic refocus on financial services. The company plans to change its name to Caledonian Holdings plc, reflecting its new direction, and has appointed Jim McColl and Chris Cooke to the board to drive this transformation. The fundraising is conditional on shareholder approval, and the company aims to adopt a new investing policy to solidify its position in the financial services sector.
More about Vela Technologies
Vela Technologies PLC is an AIM-quoted investing company that focuses on early-stage and pre-IPO disruptive technology investments. The company is undergoing a strategic shift towards becoming a major international financial services investment company.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £948.5K
For detailed information about VELA stock, go to TipRanks’ Stock Analysis page.