Tanfield Group (AIM: TAN) IPO of Smith Electric Vehicles pulled - another classic from Tanfield
The statement from management was that they received significant interest from potential investors but were unable to complete a transaction at a valuation or size that would be in the best interests of the company and existing shareholders.
They have instead decided to go the private funding route one hopes/assumes management has already identified a private funding solution!
With several private funding rounds in Smiths already completed (over US$120m has been raised) their…
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