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Gelion – proposed discounted equity fundraising and still more funding to be needed this year? (despite its accompanying ramptastic announcements)

By Steve Moore | Thursday 17 April 2025


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.


Most recently writing on AIM-listed company describing itself as a “global energy storage innovator” (hmmm, a costly area to ‘innovate’ in!) Gelion (GELN), last month with the shares above 10p I concluded ‘ahead of now even closer yet another attempted fundraising ahoy, avoid/sell’. The company today has announced “Factory Acceptance Test Complete & First Revenue” and “Breakthrough Sulfur Test Results and MTA agreed” titled announcements, though with also “Proposed Placing, Subscription & Retail Offer” – quelle surprise!

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