Kasei Digital Assets (LON: KASH) plans a return of cash to shareholders. There should be £3.4m in cash after selling assets and this should be returned to shareholders. A subscription of £200,000 at 1p/share will provide an additional £100,000 for distribution. The new investors include new executive chairman Kwasi Kwarteng, the former Chancellor of the Exchequer, new non-exec Paul Withers, Daniel Howe and Sam Daughtry, plus existing directors Jai Patel, who will become chief executive, and Brendan Kearns. Bryan Coyne, Steven Davis and Jane Thomason will resign from the board. The unsuccessful digital assets strategy will be adapted with a greater focus on Bitcoin, and more cash raised. The share price jumped 38.9% to 12.5p, which values the company at £4.2m.
Ajax Resources (LON: AJAX) says the terms of the conditional acquisition of the Paguanta zinc, silver and lead project have been revised. It will acquire a company with a 74.81% stake in the project for $37,500 in cash and $37,500 in shares. The seller will retain a 1% net smelter royalty capped at $500,000. The Environmental Impact Assessment has been submitted for the Eureka project and the company issued formal notices to relevant communities. The Environmental Impact Declaration should be issued in early December. The share price gained 19.4% to 5.375p.
Online consumer loans provider Amazing AI (LON: AAI) is exploring the options of quotations on the Mauritius Stock Exchange and/or the US OTCQB Market. This follows the decision not to go ahead with spinning off 80% of its subsidiary based in Mauritius and retaining the minority stake. Existing company shareholders will receive shares on a pro rata basis. The share price improved 16.7% to 0.35p.
Evrima (LON: EVA) investee company Eastport Ventures Inc has joined the TSX Venture Exchange. Evima owns 3.83% of the Botswana-focused critical minerals explorer and also holds warrants. The Evrima share price increased 14.3% to 0.4p.
Hot Rock Investments (LON: HRIP) has a portfolio of shares, as well as 150,000 shares in WeShop Holdings (NASDAQ: WSHP), which has joined Nasdaq. The share price was well above $200 at one point last week and ended at $113.40. The stake is valued at $17m. At 1.35p, up 12.5%, Hot Rocks Investments is valued at £2.8m.
Wishbone Gold (LON: WSBN) is holding a general meeting on 28 November to gain shareholder approval for a 100-for-one share consolidation. The share price rose 5.88% to 0.9p.
Dominic White has stepped down as a director of technology-based financial services company Eight Capital Partners (LON: ECP). He remains as an adviser. The share price edged up 1.27% to 79.5p.
FALLERS
Energy transition engineering Time To ACT (LON: TTA) says the main subsidiary Diffusion Alloys is likely to be profitable in 2025-26 and 2026-27, although this depends on timing. The order book of large project work is worth more than £4m and most of this will be recognised during 2026. There is enough cash for at least 12 months, but it appears it will not last as long as previously expected. Oberon Capital has been appointed joint broker. The general meeting was postponed. The share price slumped by two-fifths to 9p, which is a new low.
The Smarter Web Company (LON: SWC) has raised another £141,000 at 61p/share. The share price dived 26.9% to 39.5p.
Valereum (LON: VLRM) has completed a subscription to raise raised £600,000 at 5p/share. Chairman James Bannon and chief executive Gary Cottle contributed £225,000 each and they will each receive 2.5 million warrants exercisable at 50p each and 2.5 million warrants exercisable at 100p each. The rest comes from another investor, which will also receive warrants. A further £50,000 has been raised by the exercising of warrants at 4p each. The share price dipped 22.6% to 6p.
Mendell Helium (LON: MDH) raised £200,00 at 3p/share. This is a direct investment by an existing shareholder. The share price slid 17.9% 2.875p.
B HODL (LON: HODL) has taken its Bitcoin holding to 155.039 and the total cost was £13.1m. The share price decreased 13% to 11.75p.
Music agent All Things Considered (LON: ATC) is moving to AIM and raising £8.6m at 125p/share. The expected admission date is 17 December, which is four years after joining Aquis at 153p/share. Trading is second half weighted and is currently in line. The share price declined 10.7% to 125p.
Shepherd Neame (LON: SHEP) non-executive director Marion Sears bought 4,000 shares at 466p each. The share price is 5.72% lower at 464p.
WeCap (LON: WCAP) owns 11.8% of WeShop Holdings (NASDAQ: WSHP). That is 806,022 shares directly and 2.08 million shares via a 23.5% holding in Community Social Investments Limited (CSIL). At $113.40, the stake is worth $31m. Peel Hunt has cut its shareholding in WeCap from 18.4% to below 10%. Because of this, the share price edged down 2.04% to 2.4p despite higher trading levels during the week.