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Aquis weekly movers: Chairman provides funds for Valereum

Valereum (LON: VLRM) has completed the £2m raising from chairman James Formolli, while a warrant exercise has generated £9,458. Shares were issued at 0.36p each and on top of that he received 15 million GATE tokens. The cash will finance the growth of the business and development of the GATE token.  The share price recovered 14.1% to 4.05p.

Eight Capital Partners (LON: ECP) was hit by a £14.6m unrealised loss on its investments in 2023. That is predominantly down to a reduction in the value of a bond issue by 1AF2, which is due for repayment on 22 July. NAV has declined from £25.3m to £12.8m. Net debt is £862,000. Even so, the share price improved 10.2% to 0.027p.

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FALLERS

Shares in Watchstone Group (LON: WTG) went ex-dividend on 4 July. It is returning 8p/share in cash. The share price declined 6p to 2p.

Chris Potts reduced his stake in Shortwave Life Sciences (LON: PSY) from 15.2% to 11.65%. The share price fell 32.6% to 1.55p.

Tap Global Group (LON: TAP) has secured a commercial agreement with Tap N Go for the launch of the XTP cashback programme. XTP is a token for trading via Tap Global exchange services. The share price is 11.1% lower at 0.8p.

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Coinsilium (LON: COIN) has been signed a collaboration agreement with Web3b developer Lifeflow Inc, which will have access to $1m of dedicated seed funding. Investee company Greengage is collaborating with global crypto currency exchange Coinbase. The share price slipped 8.57% to 1.6p. Coinsilium is purchasing $75,000 of future tokens in the early backers round of the Otomato Web3 automation protocol. There is an option for $150,150 future tokens.  

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