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IN BRIEF: Vela Technologies asset value falls in latest quarter

ALN

Vela Technologies PLC - early stage-focused technology investor - Value of total assets decreases by 11% in the three months to March 31 to £5.5 million from £6.2 million at the end of 2023. The reduction is due to the sale of Vela’s residual holding in Kanabo Group PLC. Cash balance was £53,000 at March 31 compared with £6,000 at December 31.

Current stock price: 0.011 pence

12-month change: down 45%

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