Aquis weekly movers: Doubled contract for Equipmake

Tyndall Investment Management increased its stake in skin treatments developer Incanthera (LON: INC) from 6.85% to 11.8%. The share price jumped 43.8% to 11.5p and it has risen by three-quarters in 2024.

Tony Wilson has increased his stake in Oscillate (LON: MUSH) from 3% to 3.66%, while Rikki Devlin has taken a 3.04% shareholding. The share price improved by one-third to 0.6p.

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Bitcoin mining company Vinanz Ltd (LON: BTC) says that the SEC in the US has approved Bitcoin ETFs, which will provide investors with a way to access cryptocurrency. This should be positive for Vinanz. David Lenigas has bought 80,000 shares at an average share price of 9.2p. The share price was 20.6% higher at 10.25p.

NFT Investments (LON: NFT) is changing its name to Phoenix Digital Assets. The share price rose 18.5% to 3.2p. NAV is 4.67p/share.

EDX Medical Group (LON: EDX) sent shareholders a letter that stated it is pursuing nine different projects for point of care and laboratory testing services. The reverse takeover of TECC Capital means that there has been selling by legacy shareholders holding back the share price, but it has started to rally rising 17.2% % to 8.5p.

AQRU (LON: AQRU) is changing its name to Supernova Digital Assets and it is focusing on becoming a value provider for the Solara ecosystem. Net assets are 0.297p/share, including crypto assets of 0.166p/share. The share price improved 15% to 0.115p.

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Kasei Holdings (LON: KASH) non-exec director Bryan Coyne has acquired 125,000 shares at an average price of 8.14p each. The share price increased 4.55% to 8.625p.

Valereum (LON: VLRM) says that the general meeting to approve the acquisition of GSX Group will be held on 30 January and there will be a shareholder update meeting the next day. Nick Cowan has joined the board as chief executive, as has former AIM and Plus Markets boss Simon Brickles. Gary Cottle has also joined as a non-exec. The share price edged up 3.16% to 4.9p.


Electric motors and drivetrains developer Equipmake Holdings (LON: EQIP) has won an extension of its contract from sightseeing tours operator Big Bus Tours and it has doubled in size to cover 20 buses. The contract is worth £3.5m. The buses will be delivered by the end of the third quarter of 2024. Full year revenues are expected to be £13.4m, although Equipmake will still be loss making. The share price slipped 8.57% to 8p, but it has risen by one-fifth over the past year.

Silverwood Brands (LON: SLWD), whose shares are suspended at 30p. has come to a conditional settlement with the vendors of the 19.8% Lush stake, which was never transferred to the company by Lush. The deal was cancelled. The vendors are paying £300,000 to Silverwood Brands to cover deal costs. There plans to cancel consideration shares, including those paid as a fee to VSA Capital (LON: VSA), whose share price dipped 7.69% to 6p.

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