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LONDON - Inspirit Energy Holdings PLC (AIM: INSP), a company previously involved in the development of micro combined heat and power (mCHP) technology, has released its interim results for the six months ending December 31, 2024. Following its transition to an AIM Rule 15 cash shell on October 8, 2024, Inspirit Energy is now concentrating on preserving its cash reserves to explore new opportunities.
The company’s shift in strategy comes after a review by the Board of Directors, which concluded that maintaining financial stability was paramount for seeking potential acquisitions or other ventures that could deliver value to shareholders. As per AIM Rule 15, Inspirit Energy has a six-month window to execute a reverse takeover, failing which trading of its securities may be suspended according to AIM Rule 40.
During this period, Inspirit Energy has been approached by various organizations interested in the company’s intellectual property and other assets. The Board is actively engaging with these entities to identify a suitable opportunity that aligns with shareholder interests.
The interim financial information has been made available on the company’s website, providing transparency for investors and interested parties. Inspirit Energy’s Board of Directors has committed to keeping shareholders informed as they navigate this crucial phase of corporate restructuring.
The announcement issued today is based on a press release statement and contains inside information as defined under Article 7 of Regulation (EU) 596/2014.
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