Situations
Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.
- Today
-
Activist Auction Technology Group ATG£580m moved
FitzWalter Capital Limited campaign
FitzWalter's campaign dates from 13 Dec 2024. Its possible offers lapsed on 2 Feb 2026 when it said it would not bid.
Activist FitzWalter Capital LimitedStake 27.4533%Wants board seat(s), sale of the company, return of capitalBid dropped; Rule 2.8 applies; shareholder campaign openNext General Meeting vote on removing the Chair -
Big fundraise Sareum Holdings SAR£38m new
Discounted equity fundraise
Sareum paused AIM trading on 8 Oct 2026 to run a fundraise, and on 26 Oct 2026 announced a conditional £3.2m subscription at 14p, a c.49% discount, with warrants.
Size c.£3.2m before expenses; 22,807,143 new shares; WRAP offer …Price 14p per shareSubscription conditionally raised; admission pendingNext Admission of shares and result of WRAP Retail Offer 29 Oct · in 3 days -
Debt & refinancing Critical Metals CRTM£83m moved
Additional funding requirement
The £2.1m NIU convertible loan note was raised on 31 December 2025. The final results state that part of the funds went on restructuring, debt reduction and Molulu, and that fieldwork restarted after funds were released.
Amount £2.1 million convertible loan note from NIUUse of money Restructuring, debt reduction and advancing the Molulu …£2.1m NIU note funded fieldwork restart
A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.