Polarean Imaging PLC (AIM:POLX, OTC:PLLWF)'s trade-in agreement to exchange the University of Virginia Health System’s (UVA Health) existing two research hyperpolarisers for two new clinical-grade systems is an encouraging development, Stifel suggests.
Further conversion of existing research polarisers into clinical-grade units remains a key part of the commercial strategy to increase adoption of Xenon MRI in the US market, adds the broker.
Bluefield Solar Income Fund (LSE:BSIF)’s sale of its 50% stake in a 112-megawatt portfolio of UK solar assets for £70 million in cash will improve the group’s debt profile, Stifel analysts said.
Proceeds from the sale will be used to pay down a portion of Bluefield Solar's revolving credit facility (RCF) debt, which currently stands at £184 million, and long-term amortising debt of £423 million.
Arecor Therapeutics PLC (AIM:AREC) has raised £6.26 million from the placing of and subscription for shares at 90p each.
The new funds will be used to develop its pipeline as well as support the commercial roll-out of its main product, Ogluo, a treatment for severe diabetes.
Bluefield Solar Income Fund (LSE:BSIF) has executed phase two of its strategic partnership with GLIL Infrastructure by selling a 50% stake in a 112-megawatt portfolio of UK solar assets for £70 million in cash.
Its assets are spread across southern and central England and include nine operating sites backed by renewable obligation certificates, with 78 megawatts under 1.4 ROC accreditation and 34 megawatts under 1.3 ROC accreditation.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has raised £5 million ($6.4 million) of new equity, as it looks to secure a new venture “with multi-billion barrel potential”.
“We have identified a priority target which if successfully secured, would bring material scale to our portfolio and we look forward to providing updates on these developments as soon as we are able to,” chief executive Adonis Pouroulis told investors.
Light Science Technologies Holdings PLC (AIM:LST) expects a record-breaking year for its Contract Electronics Manufacturing (CEM) division in the pest control market.
The company has secured £628,000 in new committed forward orders for its CEM division, significantly boosting this year's revenue projections.
HeLIX Exploration PLC (AIM:HEX) has begun the crucial 'civils' work ahead of its first two wells along the Montana helium fairway - the first of which is slated for early next month.
Drill pad construction should take place 'relatively quickly' following the construction of a drill pad.