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Valereum PLC - focused on tokenised digital markets as an exchange and marketplace operator - Says will not proceed with the December 16 announced £2 million option agreement with Blue Sky Vision LLC. However, Valereum notes further discussions with ‘another entity’ to take up the subscription ‘as part of the wider ongoing discussions previously announced to the market’. These discussions are expected to come to a satisfactory conclusion in February. On January 2, the company said Blue Sky Vision had exercised its option to subscribe for 20 million ordinary shares at 10 pence each, ‘subject to satisfactory completion of due diligence’. It said the desired funding would provide sufficient capital ‘to expand its portfolio and pursue transformative projects in emerging markets’. Valereum says there is no guarantee that it will successfully close the proposed raise. Updates will be provided in due course. Current share price: 0.30 pence 12-month change: up fivefold Copyright 2025 Alliance News Ltd. All Rights Reserved.
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