Business
Reverse Takeover and Suspension of Trading
Reverse Takeover and Suspension of Trading.
About this update from Amirose London Holdings Plc
[{"type":"text","content":"\n\nThis announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n20 March 2025\nFile Forge Technology PLC\n \n(\"File Forge\" or the \"Company\")\n \nStrategic Update\n \nProposed Acquisition of Amirose London Ltd\n \nReverse Takeover\n \nSuspension of Trading on Aquis\n \nFile Forge Technology PLC (AQSE: FILE), a provider of Filecoin staking nodes, is pleased to announce that it has signed non-binding Heads of Terms to conditionally acquire the entire issued share capital of Amirose London Ltd (\"Amirose\") from Epoque Services Incorporated Limited (\"Epoque\") (\"Proposed Acquisition\") for a total consideration of £5,009,536 (\"Consideration\") payable in Ordinary Shares.\n \nIn view of the size of the Proposed Acquisition relative to the Company, the Proposed Acquisition constitutes a reverse takeover under the Rules of the AQSE Growth Market Access Rule Book; the Company's shares will be suspended from trading with immediate effect pending the publication of an admission document or confirmation by File Forge that the acquisition is no longer in contemplation.\n \nStrategic Update\nFile Forge, an investment company, was incorporated in 2019 and listed on the Aquis Stock Exchange Growth Market in 2021. The Company initially began investing in biotech and life sciences companies seeking to prove the safety and efficacy of psychedelic-based substances. In 2024, the Company changed its name and shifted its investment strategy to capitalise on the potential of Filecoin and decentralised storage technology.\nEver since its incorporation and subsequent listing, File Forge has remained open to new and exciting investment opportunities, adapting its strategy to capitalise on high-potential return opportunities.\n \nThe Company has identified Amirose, being a contract manufacturing services business for personal care products, as an advantageous acquisition for File Forge. File Forge is interested in Amirose's high margin, mid volume business model, which focuses on contract manufacturin...