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IQ-AI Ltd - parent of Wisconsin-based Imaging Biometrics LLC, which provides quantitative imaging platforms and therapeutics for the diagnosis and treatment of patients - AIM-listed technology investor Braveheart Investment Group PLC buys a nearly 30% stake in IQ-AI from Braveheart Chief Executive Officer Trevor Brown. Braveheart buys 45.8 million IQ-AI shares from Brown at 1.1 pence per share, worth £503,372, and another 19.7 million shares owned by Brown’s children at the same price, worth £216,203. The two purchases give Braveheart a 29.5% stake in IQ-AI. Braveheart on Friday says the related-party transaction is approved by its independent shareholders because the IQ-AI business fits Braveheart’s investment strategy and the purchase is at ‘an attractive entry price’. Current stock price: 1.20 pence, down 7.7% in London on Monday morning 12-month change: down 71% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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