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Gelion – “Result of Retail Offer”, it won’t be funding its losses as much as hoped!

By Steve Moore | Thursday 23 November 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as an “Anglo-Australian battery innovator”, Gelion (GELN) earlier this month announced that it “has conditionally agreed to acquire the entire issued share capital of OXLiD for an aggregate consideration of up to approximately £4.2 million… in addition, the company announces a proposed equity fundraising of up to approximately £4.5 million”. With today a “Result of Retail Offer” announcement from the company, what of these developments?
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