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IN BRIEF: File Forge Technology in reverse takeover of Amirose London

ALN

File Forge Technology PLC - investment company focused on filecoin, a blockchain-based decentralised data storage technology - Signs a non-binding accord to buy Amirose London Ltd from Epoque Services Inc Ltd for £5.0 million in shares. File Forge has a market capitalisation on Aquis Stock Exchange of just £208,000, so the potential deal represents a reverse takeover. It will take File Forge somewhat back to its origins. It had listed on AQSE back in 2021 as a company investing in biotech and life sciences companies ‘seeking to prove the safety and efficacy of psychedelic-based substances’, before changing its focus to filecoin last year. Amirose is a contract manufacturer for personal care products with a ‘high margin, mid volume business model’, File Forge says. It recorded £38,800 in profit on £12.7 million in turnover in 2024. Amirose services some 200 brands from manufacturing facilities in Thetford, Norfolk. After completing the acquisition, which will include a £500,000 equity raise, File Forge will change its name to Amirose London Holdings PLC.

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