TruSpine Technologies (LON: TSP) admitted that it failed to inform shareholders that a loan announced in February included a fixed and floating charge over the company’s IP. Even so, the share rose 11.8% to 0.95p, which is back to the level at the beginning of the month. There are disputes with the inventor of the company’s main technologies and the requisitioners talk about negotiating a new licence. Four shareholders owning a 19.4% stake have requisitioned a general meeting on 31 May. They want to remove four directors and replace them with three nominees. The only director they are not seeking to remove is Timothy Evans.
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Fallers
Watchstone Group (LON: WTG) has been unsuccessful in its £63m claim against PricewaterhouseCoopers concerning a breach of confidentiality. It is considering an appeal. The share price slumped 24.4% to 15.5p.
Goodbody Health (LON: GDBY) shareholders have agreed to the cancellation of the Aquis quotation on 16 May. The shares will then be traded on the JP Jenkins platform. The share price dipped 22.2% to 0.35p.
TAP Global Group (LON: TAP) has appointed Kriya Patel as chief executive of its main subsidiary. He is an experienced executive of e-money and financial technology businesses. He will receive five million LTIP options, plus a further 10 million LTIP options which will vest when certain milestones are achieved. The share price fell 7.94% to 2.9p.
Ananda Developments (LON: ANA) says a study suggests that cannabidiol plus terpenes has a more positive effect on acne than cannabidiol on its own. The share price declined by 7.41% to 0.625p.
Mark Horrocks has taken a 5.8% stake in Semper Fortis Esports (LON: SEMP), while Chris Akers increased its stake from 19.5% to 19.6%. The share price is 7.14% lower at 0.1625p.
KR1 (LON: KR1) has invested $500,000 into Web3 venture studio Code and State through a Simple Agreement for Future Equity. The share price has fallen 5.19% to 36.5p.
Cadence Minerals (LON: KDNC) investee company Evergreen Lithium, where it owns 15.8 million shares (8.74%), has identified significant and widespread lithium at the Kenny project. A further £1.86m worth of shares could be issued to Cadence Minerals. The share price slipped 1.35% to 9.86p.