Commercialisation firm NetScientific will delist from Aim to free up cash for its portfolio companies, having failed to attract concrete offers after putting itself up for an acquisition.
UK-based commercialisation firm NetScientific is to delist from the Aim stock exchange in a bid to pare back its operational costs and protect its remaining cash availability.
The decision comes after a strategic review that concluded NetScientific’s cost obligations must be “significantly” reduced to free up more capital for investing into its portfolio companies.
NetScientific believes there is “limited” market appetite for listed intellectual property businesses. It also plans to weigh the funding requirements of each of its portfolio…
