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LONDON - Valereum Plc (AQSE:VLRM), a technology-focused company, has announced the termination of its planned £19 million investment deal with DMC Markets Inc. The decision comes after comprehensive due diligence and lengthy negotiations, which ultimately revealed that DMC was unable to complete the transaction.
Despite the setback, Valereum’s Board expressed confidence in the company’s ability to generate shareholder value independently through its focus on technology, regulatory compliance, and strategic autonomy. The company is actively seeking alternative opportunities to safeguard shareholder interests and foster growth.
The investment, which was to be made through Valereum Inc, was expected to contribute significantly to the company’s expansion plans. However, after several months of discussions and despite assurances from DMC, it was determined that the deal could not be finalized.
Valereum has indicated that further announcements will be made as the company explores other avenues for development. This news follows the public disclosure of the information, which was classified as inside information under the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
The termination of this deal underscores the challenges companies can face in securing investments and the importance of rigorous due diligence processes. Valereum’s management team is available for questions and further information through the company’s interactive investor hub.
This article is based on a press release statement from Valereum Plc.
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