Trellus Health (LON: TRLS), which has developed a digital platform to manage chronic health conditions, has secured a six-month extension to its deal with Johnson & Johnson Health Care Systems to provide Trellus Elevate for patients with moderate to severely active inflammatory bowel disease. Monthly cash burn has been reduced to $400,000. The 2025 revenues will be around $545,000. A $5m convertible facility has been secured, and the $737,500 drawdown from the facility will provide enough cash for the first quarter of 2026. The share price doubled to 0.9p.
Mongolia-focused oil and gas producer Petro Matad (LON: MATD) has received cash for past sales to PetroChina and an agreement for 2026 is being discussed. Zeus has edged up its 2025 EBITDA from a loss of $1.2m to a loss of $1.3m due to a lower than expected oil price. Net cash was $3.5m at the end of 2025. Farm out discussion continue for Block XX and Block VII. The share price increased 14.3% to 1.2p.
Operational compliance platform developer Crimson Tide (LON: TIDE) has renewed for 36-month its contract with printing press manufacturer Koenig & Bauer, where there is a long-standing relationship. The share price improved 8.82% to 92.5p.
Reabold Resources (LON: RBD) points out that Beacon Energy (LON: BCE) has published a readmission document for the purchase of its 47.4%stake in LNEnergy and is raising £3.75m. The total earn out price is €16m. Beacon Energy shares are suspended. The Reabold Resources share price rose 7.14% to 0.09p
FALLERS
Computer vison technology developer Seeing Machines (LON: SEE) says interim revenues will decline from $25.3m to up to $24m. Annualised recurring revenues have grown from $13.5m to $14m. The EBITDA loss will decline from $17.7m to below $13.7m. Cash had fallen to $3.4m, but more recently a $14.1m advanced payment has been received. Automotive production volumes continue to grow, and new legislation comes into force in the EU that mandates camera-based driver monitoring systems for new vehicles that will further boost demand. The share price slumped 21.3% to 3.305p.
Celsius Resources (LON: CLA) says that a subsidiary has exercised contractual rights to require Sodor Inc to relinquish its 60% stake in Makilala Mining Company, Inc because it has not paid any of the $5m consideration. Celsius Resources has received non-binding offers for the Opuwo project. Celsius Resources is delisting from the Namibia Securities Exchange. The share price declined 10.6% to 1.05p.
On Tuesday evening, Roadside Real Estate (LON: ROAD) raise £20.75m at 60p/share. This will be invested in building the portfolio of petrol forecourt stations. It is acquiring seven sites for £32.4m. The company’s stake in Cambridge Sleep Sciences should raise £48m in two tranches and help to finance expansion. Roadside Real Estate is expected to move into profit in the year to September 2027. The share price dipped 5.76% to 65.5p.
Education administration software provider Tribal Group (LON: TRB) announced an interim dividend of 1.3p/share and the ex-dividend date is 26 February. This replaces a final dividend that would have been paid in July. The share price fell 3.47% to 69.5p.