Vela Technologies #VELA – Investee co R8 Capital Investments update on proposed transaction December 6, 2024 – Posted in: Vela Technologies Plc (VELA)

The Company announced on 2 October 2023 that it had entered into heads of terms with Redwood Financial Partners Limited (“RFPL“), and announced further updates on 10 November 2023, 15 March 2024 and 27 September 2024, in relation to the proposed acquisition by the Company of the entire issued share capital of RFPL. Despite best efforts to progress the transaction, the respective boards of the Company and RFPL have now decided to terminate discussions by…

Vela Technologies #VELA – Investee Co R8 Capital Investments #MODE updates on Proposed Transaction March 15, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

Further to the announcement on 10 November 2023 regarding the Company entering into heads of terms with Redwood Financial Partners Limited (“RFPL”) in relation to the proposed acquisition by the Company of the entire issued share capital of RFPL (the “Transaction”), the Company would like to provide a further update on the likely timeframe for completion. The parties now believe that completion of the Transaction will be on or around 31 August 2024. The extended…

#VELA Vela Technologies PLC investee co. #MODE Mode Global Holdings PLC – Mode prepares for wind-down January 26, 2023 – Posted in: Vela Technologies Plc (VELA)

Following the announcement on 19th January 2023 that the Group has been unsuccessful in sourcing funding, the Board has made the difficult decision to initiate wind-down of customer operations for Fibermode Ltd, JGOO Ltd and Greyfoxx Ltd. It is a challenging time in the crypto market and the Group has faced considerable headwinds along the way. The Group is looking to restructure by initiating a winding down of the customer operations of its regulated trading…

Vela Technologies Investee: Mode Global #MODE – Update on Fundraising Activities and Board Changes January 19, 2023 – Posted in: Vela Technologies Plc (VELA)

Since the announcement on 13 July 2022 of the completion of a £2,000,000 convertible loan note fundraising, the Company has been in discussions with a number of counterparties in relation to a further more substantial equity fundraising. These discussions have taken place against a backdrop of considerable headwinds in the wider cryptocurrency industry which have been well documented. Despite these headwinds, Mode continued to make progress with executing its business plan, including securing FCA approval…

#VELA Vela Technologies Plc – Investee Company #MODE Mode Global Holdings Plc- Assurance Statement November 18, 2022 – Posted in: Vela Technologies Plc (VELA)

Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, announces the following statement in light of the recent industry events: The collapse of FTX has sent shock waves through the industry and will undoubtedly have damaged confidence in the short to medium term. It is most unfortunate that the reckless behaviour of certain individual industry participants reflects badly on the crypto industry as a whole. Mode wants to assure its stakeholders that not only does…

Vela Technologies #VELA – Investee company Mode Plc #MODE interim results September 30, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, is pleased to announce its unaudited results for the six months ended 30 June 2022. Rita Liu, Mode CEO comments: “2022 has presented a highly volatile and challenging macro environment in which to operate. For tech and crypto companies, this has presented new challenges on an almost daily basis, with fiat and crypto markets seeing considerable losses, and reduced access to capital as markets prepare…

#VELA Vela Technologies – Investee Company #MODE Mode Global Holdings PLC – Mode announces multi-token soft launch September 28, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

28th September 2022: Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, has today announced the soft launch of its multi-token trading capability. The first of the additional tokens to be rolled out will be Ether, which will be made available to selected users before the official launch in October. This early release, available exclusively for Mode Lab members, will allow them to purchase the token ahead of the official launch in October, where Ether…

Vela Technologies #VELA – Investee Company Mode Global Holdings #MODE Completes Fundraising July 13, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Further to the announcement of its 2021 Annual Results on 28 June 2022, Mode Global Holdings PLC (“Mode”), the LSE-listed fintech group is pleased to announce completion of its recent fundraising by way of the issue of convertible loan notes (“Loan Notes”) to existing and new investors for aggregate gross proceeds of £1,900,000. Subsequent to publication of the 2021 Annual Results, certain directors of Mode also agreed to subscribe for Loan Notes for an aggregate…

Vela Technologies #VELA – Investee company Mode Plc #MODE reports full year 2021 financial results June 28, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

London, June 27, 2022 – Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, has today released its full year financial results for 2021. The firm entered 2021 with a clear focus on building and enhancing its product set, whilst also increasing its user base, which it achieved successfully. Users grew by 261% over the 12 months, with 70% of trading customers being repeat buyers. Trading volume increased by 732% compared to the same…

Alan Green discusses AIS Resources #AIS, MetalNRG #MNRG, Mode Plc #MODE & Cadence Minerals #KDNC on the Stockbox Research podcast October 17, 2021 – Posted in: Blog

Alan Green discusses AIS Resources #AIS, MetalNRG #MNRG, Mode Plc #MODE & Cadence Minerals #KDNC on the Stockbox Research podcast