Electric Guitar PLC (AIM:ELEG) shares are expected to be suspended from trading on AIM today, 25 June, under AIM Rule 15.
The company, which became a cash shell in December, has not completed a required reverse takeover or re-admission as an investing company within the six-month deadline.
It recently raised £775,000 to support ongoing discussions around potential acquisitions in the energy and artificial intelligence sectors. If no qualifying transaction is completed by 25 December, its shares will be permanently delisted from AIM.