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The following stocks are the leading risers and fallers on AIM on Wednesday. ---------- AIM - WINNERS ---------- Caledonian Holdings PLC, up 28% at 0.005p, 12-month range 0.008p-0.002p. The financial services-focused investment company agrees to buy Aspire Commerce Group Ltd for £1, implying an enterprise value of £9.5 million. Caledonian executes a loan agreement with Aspire to provide working capital funding of up to £600,000. The firm says Aspire provides a ‘highly complementary platform’ that allows Caledonian to ‘accelerate its fintech ambitions’. The company describes Aspire as a ‘one stop shop for current accounts, business finance and foreign exchange transactions’. ‘The proposed acquisition of Aspire aligns with our strategy to build a scalable technology-enabled financial-services group. The interim funding ensures Aspire remains operationally stable ahead of completion and supports the platform we intend to develop,’ says Caledonian Executive Director Jim McColl. ---------- Tanfield Group PLC, up 21% at 6.20p, 12-month range 6.20p-2.52p. The passive investing company is a 49% shareholder in Snorkel International Holdings LLC, an aerial work platform business, following the joint venture between the company and Xtreme Manufacturing LLC. It says the investment is valued at £19.1 million. In 2019, it received a summons and complaint filed by Xtreme subsidiaries relating to the joint venture. It was alleged that Xtreme can buy Tanfield’s interest in Snorkel for nil dollars and that the payment of $25 million of preferred interest was not required. Tanfield disagreed and asserted its own counter claims at the time. Tanfield says the US court grants that the contractual obligations to acquire the interest must be fulfilled. It says this consists of the payment of the preferred interest plus the option price, which is calculated from the earnings before interest, tax, depreciation and amortisation of Snorkel at the time. ‘The value of the option price remains a disputed issue that will continue to progress to trial. As such, the total value that Snorkel needs to pay to acquire Tanfield’s 49% remains unclear,’ it notes. Tanfield describes the outcome as ‘very positive’. It now expects the trial to begin in March or April 2026. ‘The board continues to believe that further positive outcomes in relation to the option price and other matters are possible, and the company will continue to vigorously defend its position,’ it adds. ---------- AIM - LOSERS ---------- Versarien PLC, down 48% at 0.005p, 12-month range 0.059p-0.004p. The advanced materials firm says a suitor that signed a non-binding heads of terms to buy Versarien’s remaining assets has withdrawn its interest. Versarien says the board is in the process of taking advice and considering its options. It restates that this may include appointing administrators to the company. ---------- Atlantic Lithium Ltd, down 13% at 9.70p, 12-month range 18.10p-5.32p. The West Africa-focused lithium exploration and development company receives £1 million in deferred proceeds from the initial placement undertaken with Long State Investments in September. Atlantic Lithium says it will undertake a second placement to raise an additional £2 million through the placement of 19.4 million shares. ‘Following a positive trading period, which has seen a notable increase in the company’s share price, we are pleased to have concluded the initial placement undertaken under the share placement agreement with Long State at a premium, raising £2 million. On the back of this success, we are proceeding with the second placement to raise an additional £2 million, intended to further enhance the company’s financial position in a manner that minimises shareholder dilution,’ says Chief Executive Officer Keith Muller. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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