Inspirit Energy suspended from AIM
Why we think this is neutral
The RNS announcement is about Inspirit Energy Holdings being suspended from trading on AIM, which is not one of the mandatory news types that would require a more detailed analysis. The company is becoming an AIM Rule 15 cash shell and will need to complete a reverse takeover within 6 months to avoid further suspension.
Key Points
- Inspirit Energy suspended from trading on AIM
- Company becomes an AIM Rule 15 cash shell
- Has 6 months to complete a reverse takeover
Summary
Inspirit Energy Holdings PLC (AIM: INSP) has announced that its shares will be suspended from trading on AIM with effect from 7.30am this morning pursuant to AIM Rule 15. The company had previously announced in October 2024 that it would become an AIM Rule 15 cash shell and look to pursue other opportunities. As an AIM Rule 15 cash shell, the company now has six months to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14.