Asimilar Group PLC, the small-cap tech investor, saw its share price collapse 30% as it returned from suspension and said it plans to cancel its listing on the LSE's junior market, AIM.
In the update, it said it would maintain a quote on the AQSE, run by Aquis Exchange PLC (AIM:AQX).
The decision comes as the company seeks to reduce operating costs and take advantage of a market regime that is better suited for an investment company.
Despite having sufficient liquid assets to cover operating expenses, Asimilar said currently lacks the capacity to pursue new investment opportunities without liquidating certain holdings, investors were told.
The news was greeted by a 0.58p mark down in the share price to 1.3p, valuing the business at just over £1.6mln.