#VELA Vela Technologies PLC – Final results for the year ended 31 March 2023 September 28, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to announce the Company’s final results for the year ended 31 March 2023. Vela’s Annual Report and Accounts for the year ended 31 March 2023 (“Annual Report”) will be sent to shareholders today. The Company’s Annual Report will be available shortly on the Company’s website at http://www.velatechplc.com/ Highlights Financial: ·      Net assets decreased to £7,004,480 compared…

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#VELA investee co. #CSFS Cornerstone FS PLC – Interim Results September 12, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, is pleased to announce its unaudited interim results for the six months ended 30 June 2023.   Financial Highlights ·    Revenue increased by 90% to £3.6m (H1 2022: £1.9m) through the continued expansion of the Group’s payments capabilities and offering, and on-going investment in the sales function ·    Gross margin broadly…

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#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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