Sondrel (Holdings) plc

SND

GB00BJN54579

Semiconductors

Market Closed - London S.E. Other stock markets 11:35:27 2024-05-21 am EDT			5-day change	1st Jan Change
6.25 ^GBX	0.00%		-5.30%	+28.87%

May. 14	Sondrel raises GBP5.6 million as Rox Equity Partners ups stake to 49%	AN
May. 14	Stocks flat; BoE's Pill says summer cut possible	AN

Sondrel secures loan to meet working capital needs

March 06, 2024 at 04:44 pm EST

Sondrel Holdings PLC - Reading, England-based semiconductor design services firm - Enters GBP874,600 secured 15% convertible loan agreement with ROX Equity Partners Ltd, a UK-based private equity firm and long term investor specialising in emerging technology companies. Says the loan will meet immediate working capital requirements. Explains proceeds of the loan are expected to be received by the March 6. They will be utilised to meet February 2024 payroll and certain overdue supplier obligations. Interest is payable at a rate of 15% per annum quarterly on the last day of March, June, September and December.

Current stock price: 10.00 pence

12-month change: down 84%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Sondrel (Holdings) plc

Sondrel raises GBP5.6 million as Rox Equity Partners ups stake to 49%	May. 14	AN
Stocks flat; BoE's Pill says summer cut possible	May. 14	AN
AIM WINNERS & LOSERS: Sondrel equity raise; Zytronic loss narrows	May. 14	AN
Smarttech247 inks USD2.1 million contract	Apr. 29	AN
Sondrel plc Announces Successful Milestone Completion	Apr. 29	CI
EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up	Apr. 03	AN
Sondrel concludes negotiations with supplier	Mar. 27	AN
Sondrel Finalizes $23 Million Chip Material Design, Supply Contract	Mar. 25	MT
Sondrel concludes exhibit negotiations for chip deal	Mar. 25	AN
Sondrel plc aNNOUNCES Further re MaterialVideo Processing ASIC design and supply contract	Mar. 25	CI
Sondrel secures loan to meet working capital needs	Mar. 06	AN
Sondrel in Advanced Talks Over Convertible Loan Note	Mar. 01	MT
Sondrel in advanced discussions over GBP900,000 convertible loan note	Mar. 01	AN
Sondrel plc announced that it expects to receive £0.8746 million in funding	Feb. 29	CI
Sondrel Lands $23 Million Contract for Video Processing Chips	Feb. 27	MT
Sondrel wins USD23 million contract	Feb. 27	AN
Sondrel Receives Material Video Processing ASIC Design and Supply Contract for Leading Provider of High-Performance Video Systems	Feb. 27	CI
Sondrel shares rocket on report it assisted with Neuralink brain chip	Feb. 08	AN
Sondrel in Advanced Talks for New Application Specific Integrated Circuit Business Opportunities	Feb. 08	MT
ReNeuron warns; Gama Aviation pledges cash return	Feb. 05	AN
Sondrel Receives GBP1.5 Million Payment for ASIC Project, Flags Talks for Other Business Opportunities	Feb. 05	MT
Sondrel says ASIC payment delay will hamper 2023 results	Jan. 10	AN
Sondrel plc Announces Resignation of Gordon Orr as Non-Executive Director	Jan. 05	CI
Sondrel Holdings down after payment delay prevents December payroll	Dec. 28	AN
Siemens Unit Exits Stake in Sondrel	Dec. 01	MT

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Company Profile

Sondrel (Holdings) PLC is a United Kingdom-based fabless semiconductor company. The Company is engaged in providing a full turnkey service in the design, prototyping, testing, packaging, and production of application specific integrated circuits (ASICs) and System on Chips (SOCs). The Company specializes in offering digital ASICs and SOCs solutions. It designs and supplies higher-spec chips built on the advanced semiconductor technologies, selling into a range of hyper growth end markets, such as high-performance computing, automotive, artificial intelligence, virtual reality (VR)/augmented reality (AR), video analytics, image processing, mobile networking, and data centers. The Company provides customers with the ability to de-risk the design of ASICs through the use of Companyâs intellectual property. Its designs have enabled products by technology brands including Apple (iPhone), Sony (PlayStation), Meta's (Oculus), Google and Sony smartphones, JVC (prosumer camcorders), and others.

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2024-05-21 - Q4 2023 Earnings Release (Projected)

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SND

GB00BJN54579

Semiconductors

Sondrel secures loan to meet working capital needs

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