Beacon Rise Holdings PLC strengthens financial position in 2024

LONDON - Beacon Rise Holdings PLC (LSE:BRS), a Special Purpose Acquisition Company (SPAC), has published its full-year financial results for the year ended December 31, 2024. The company, which seeks acquisitions in the education technology sector, reported a loss for the year of £248,566, compared to a loss of £93,536 for the nine-month period ended December 31, 2023.

Despite the loss, Beacon Rise Holdings PLC has taken significant steps to enhance its capital structure and governance. The company successfully obtained shareholder approval for new share issuance, raising £70,000 through the issuance of 58,333 ordinary shares at £1.20 each. This has provided financial support for the company’s sustainable development and future business expansion plans.

The company held five board meetings during the year, focusing on capital operations, financial management, and strategic planning. These measures aimed to address major issues effectively and balance strategic foresight with operational agility.

Beacon Rise Holdings PLC has not yet made any acquisitions but continues to explore opportunities in the UK and EU education technology sector. The company’s net assets stood at £106,603 as of December 31, 2024, down from £285,169 the previous year.

The annual report also highlights the company’s commitment to corporate social responsibility (CSR), including business integrity, information transparency, and the creation of a safe and healthy working environment. The company consumed less than 40,000 kWh of energy during the year, and as such, separate disclosures on energy consumption and efficiency were deemed unnecessary.

For 2025, Beacon Rise Holdings PLC has set core objectives to optimize capital operations and enhance financial stability. The company plans to continue seeking strategic acquisitions with a focus on high-quality assets in the educational technology sector, including AI-driven platforms and tools, as well as investments in life and health sciences.

The financial statements are based on a press release statement and reflect the company’s position as it continues to lay the groundwork for future growth and acquisition strategies.

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