Thruvision slides 9% as cash deadline looms and sale process ends
Last updated: 05:30 23 Jun 2025 EDT, First published: 05:24 23 Jun 2025 EDT
Shares in Thruvision Group PLC (AIM:THRU, OTC:DIGTF) fell 9% on Monday after the company warned it could run out of cash if expected sales fail to materialise. The stock is now down 88% so far this year.
The AIM-listed maker of walk-through security scanners said it has extended its cash runway to the end of September, based on several deals currently in final negotiations.
But if those sales do not close soon, it expects funds to last only until late July.
The update came alongside confirmation that Thruvision has ended formal efforts to sell the business, saying there was no longer a realistic chance of receiving a credible offer for its shares.
Talks continue over a possible sale of one or both trading subsidiaries, though there is no certainty they will reach an agreement.
The group is also considering remaining a standalone business, provided it can secure fresh funding. A further trading update is expected in July.
The stock fell 0.08p to 0.77p.
