Aquis weekly movers: Incanthera raises cash for Skin + CELL launch

The Smarter Web Company (SWC) currently owns 773.58 Bitcoin at a total cost of £60.4m. The share price recovered 61.3% to 322.5p.

Vaultz Capital (LON: V3TC) has raised £1m at 15.5p/share. Vaultz Capital owns 50 Bitcoin at a total cost of just over £4m. Alex Appleton has been appointed as chief executive and Sarah Gow as an executive director. The share price increased 40.2% to 23.125p.

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Dermatology treatments developer Incanthera (LON: INC) has raised £508,000 at 3.5p/share, which was similar to the previous closing price.  The investors include Incanthera directors and subsidiary Skin + CELL director Stuart Robertson. The cash will fund the direct to consumer launch of the Skin + CELL skin care range. There is an agreement with a global direct to consumer and it will launch the Skin + CELL product range in return for royalties on sales. The launch should be in early August. The share price rebounded 35.7% to 4.75p.

Hot Rocks Investments (LON: HRIP) has raised £375,000 at 1.125p/share. It has subscribed £100,000 in the Hamak Gold (LON: HAMA) fundraising that generated £2.5m at 0.8p/share. It also invested £100,000 in Cel AI. The Hot Rocks share price improved 28% to 1.6p.

IntelliAM AI (LON: INT) has received a software order from a food manufacturer in the US. The deal covers three sites. A strategic partnership has been entered into with hardware Connection Technology Center Inc for the co-development of sensing products. This will be used for predictive maintenance and asset performance analysis. The share price rose 14.8% to 105p.

Wishbone Gold (LON: WSBN) reported a cash outflow from operations of £1.49m in 2024. There was £125,000 of cash left. The share price increased 14.3% to 0.36p.

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Spinal medical devices developer TruSpine Technologies (LON: TSP) has engaged fintech adviser Alnistar to provide advice on the implementation of a Bitcoin treasury policy. The share price edged up 3.23% to 1.6p.

FALLERS

Prize draw operator Good Life Plus (LON: GDLF) plans to ask shareholders for approval to leave Aquis because it says thee is limited liquidity and it is getting funding outside of the market. Monthly recurring revenues are £420,000. In the year to January 2025, revenues were £3.8m and the operating loss was £4.2m. The share price slumped 66.2% to 0.625p.

Shares in Eight Capital Partners (LON: ECP) fell 38.1% to 32.5p ahead of suspension because the 2024 accounts have not been published.

Coinsilium (LON: COIN) raised £2.78m at 18p/share. Even so, the share price declined 35.2% to 17.5p. A subsidiary currently holds 73.7 Bitcoin at a total value of £5.79m.

Mendell Helium (LON: MDH) has published its Bitcoin treasury management policy. It intends to invest up to 50% of free cash flow in Bitcoin. Also, up to 50% of any surplus cash could also be invested in Bitcoin. There is discretion for some investment in other cryptocurrencies. Chief executive Nick Tulloch has been paid £22,500 of accrued remuneration in shares at 2p each. The share price slipped 28.6% to 1.875p.

Shares in consumer loans provider Amazing AI (LON: AAI) returned to trading on 1 July. The company is in the process of appointing a custodian for its Bitcoin holdings. The share price was one-fifth lower at 3p.

Vault Ventures (LON: VULT) has acquired AI development agency System7 Ventures and it will become the in-house development and incubation arm in the AI and crypto sectors. The all-share deal should be worth £1m, depending on the achievement of the earn-out. A placing raised £1m at 0.02p/share and a WRAP offer could raise up to £300,000 more. There have been 881.1 Solana purchased for an average price of £109.60 each. The share price dipped 18.2% to 0.0225p.

Cryptocurrency investor Phoenix Digital (LON: PNIX) had net assets of £29.1m at the end of 2024. The share price deceased 12% to 5.5p.

Valereum (LON: VLRM) had net assets of £2.97m at the end of 2024. It made a £3,222 profit after a revaluation gain of £1.98m.  Matthew Ripperger and Grant Gischen are joining the board as Non-Executive Directors. Karl Moss and Pete Sekhon are stepping down. The share price fell 3.52% to 4.8p.

KR1 (LON: KR1) had net assets of 47.5p/share at the end of May 2025. There was nearly £459,000 of income generated from digital assets. The share price edged down 1.43% to 34.5p.

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