Crisis-hit manufacturer faces funding block after share price fall
Crisis-hit Versarien is to ask shareholders to approve a share reorganisation that would be needed to enable the graphene manufacturing specialist to raise funds to keep the company going.
The Gloucestershire-based company has been struggling for years, with its share price losing 99% of its value since its 2018 highs.
In March, founder and chief executive Neill Ricketts departed, at the end of a six-month period when the company lost £3.4m.
Versarien has been fighting for survival since then, making significant cuts to ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
