Iconic Labs Plc

WDC

GB00BRBJ3P08

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Market Closed - London S.E. Other stock markets 11:07:33 2024-02-28 am EST			5-day change	1st Jan Change
5.25 ^GBX	+144.19%		-.--%	+50.00%

Mar. 28	EARNINGS AND TRADING: 888 advances US exit; Arrow ups reserve estimate	AN
Mar. 28	Iconic Labs Plc Reports Earnings Results for the Half Year Ended December 31, 2023	CI

Iconic Labs refocuses strategy to find acquisition target

January 04, 2024 at 08:12 am EST

Iconic Labs PLC - London-based media and technology business, and owner of LGBTQ+ news website Gay Star News - Intends to refocus strategic efforts on identifying a suitable acquisition target, most likely in the form of a reverse takeover. Says that it will continue to develop Gay Star News while narrowing down the pool of viable acquisition candidate.

Last year, Iconic had said that it intended to establish a strategic advisory services business, engaging in fee-based service contracts with technology companies. Now says that it is "confident that this strategic shift will pave the way for long-term growth and create substantial value for its shareholders".

Current stock price: 3.58 pence

12-month change: down 98%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Iconic Labs Plc

EARNINGS AND TRADING: 888 advances US exit; Arrow ups reserve estimate	Mar. 28	AN
Iconic Labs Plc Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
Iconic Labs to Acquire Online Retailer In the Style Fashion	Mar. 12	MT
Iconic Labs signs heads of terms deal to acquire ITS	Mar. 11	AN
Iconic Labs Confirms Talks for Potential Reverse Takeover	Feb. 29	MT
Iconic Labs Receives Notice for Conversion of Notes to Shares from European Fund	Feb. 07	MT
Iconic Labs refocuses strategy to find acquisition target	Jan. 04	AN
Iconic Labs plc Announces Board Changes	Jan. 04	CI
Iconic Labs Targets Business Acquisition, Development of Online Media Platform	Jan. 04	MT
Iconic Labs Issues New Shares in Convertible Notes Deal	Nov. 17	MT
EARNINGS: Frontier IP chair to step down; "busy" Rosslyn narrows loss	23-10-31	AN
Iconic Labs Plc Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-31	CI
Iconic Labs completes creditors voluntary agreement	23-10-13	AN
Iconic Labs Completes Creditors Voluntary Arrangement; Shares Soar	23-10-13	MT
Iconic Labs to Issue New Shares in Convertible Bond Deal	23-10-13	MT
Iconic Labs receives valid conversion notice	23-09-18	AN
Iconic Labs allots shares to unsecured creditors	23-09-12	AN
Iconic Labs shareholders approve share consolidation	23-08-25	AN
Iconic Labs Accepts Notice to Convert Notes Into Shares	23-08-18	MT
Iconic Labs Raises Additional Funds via Convertible Notes Issue	23-06-02	MT
Iconic Labs says European growth fund signs for GBP180,000	23-06-02	AN
Quarto pretax profit up by half; confident for 2023	23-03-31	AN
Iconic Labs Plc Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-31	CI
Iconic Labs plc Announces Change of Registered Office	23-02-28	CI
Iconic Labs plc Appoints Emmanuel Blouin to the Board of Directors	23-02-20	CI

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Company Profile

Iconic Labs Plc is a United Kingdom-based media and technology company. The Company is focused on the identification, acquisition, and growth of technology-driven companies in the online media, artificial intelligence, and big data gathering, processing and analysis sectors. It provides an array of services across various sectors through the use of information and video gathering, data mining, just in-time processing, and online collaboration technology. Its sole asset is Gay Star News (GSN), an online media platform dedicated to the LGBTQ+ community.

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Calendar

2024-09-25 - Q2 2024 Earnings Release (Projected)

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