#VELA Vela Technologies PLC investee co. #TSP TruSpine Technologies PLC – Half-year Report January 3, 2023 – Posted in: Vela Technologies Plc (VELA)

CHIEF EXECUTIVE’S REPORT Despite the challenges presented by Covid-19 globally, TruSpine has managed to overcome many of the obstacles presented, and we believe the Company will be in a position in 2023 to submit the FDA 510k application for the Cervi-LOK. Post period end, the Company has secured a £200,000 bridge debt facility (“Bridge Loan”) and a Letter of Intent (“LOI”) for a £2.4m staged equity funding over three tranches (“Investment Agreement”), a separate announcement…

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