(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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tinyBuild Inc, up 70% at 4.25 pence, 12-month range 2.2p-112p. The Washington, US-based video game developer and publisher says French video game firm Atari SA will buy USD2 million of its shares via a private placing at 5p each. This comes amid plans to raise around USD14 million via the issue of shares at the same price. This will be via a combination of a placing for at least USD10 million, with the CEO Alex Nichiporchik agreeing to underwrite the placing and open offer for up to USD10 million, and an open offer for up to USD2.2 million, as well as the private placing with Atari. However, provides a rather gloomy update on trading, noting some contracts may slip into next year. Expects revenue to be between USD40 and USD50 million in 2023, which would be down from USD63.3 million in 2022. In response, the firm has "promptly accelerated" its cost reduction plans. Will use fund from the equity raise to strengthen its balance sheet.

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GlobalData PLC, up 22% at 195p, 12-month range 132p-202.72p. The data analytics and consulting firm says private equity company Inflexion has bought at 40% stake in its Healthcare division at a valuation of GBP1.12 billion. It expects to receive net cash of GBP434 million, which "will provide flexibility for accelerated value-creating M&A across the group".

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AIM - LOSERS

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Helium One Global Ltd, down 68% at 0.24p, 12-month range 0.24p-10.3p. The Tanzania-focused helium explorer raises gross proceeds of GBP6.1 million in an oversubcribed equity placing and subscription for 2.42 billion shares at 0.25p each. The issue price represents a 72% discount to Tuesday's closing price of 0.09p. Helium One Global says the net proceeds of the fundraise will be used for drilling exploration well Itumbula West-A on the Itumbula prospect, alongside general working capital purposes. CEO Lorna Blaisse says the firm is rigging up at Itumbula West-A and performing pre-spud maintenance checks ahead of the commencement of drilling early next month. "Delaying this fundraise would have significantly impacted the company and its strategy," she adds.

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By Elizabeth Winter, Alliance News deputy news editor

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