Published: September 29, 2025 at 3:37 pm
Struggling advanced materials group Versarien is in talks over the sale of its business and assets, with its cash runway now expected to last only until the end of October.
The AIM-listed graphene specialist has been battling financial headwinds for months, having warned in early 2025 that without new funding it could fail to meet its liabilities by mid-May.
By July, it described itself as on a ‘fragile financial footing’, disclosing cash reserves of £650,000.
In August, the group moved to conserve cash by placing some subsidiaries, including Versarien Graphene Limited, into administration or voluntary liquidation, while continuing to explore equity funding options as asset disposals lagged.
The Gloucestershire-based firm has now said it has considered multiple offers and is progressing discussions around one specific bid it believes could deliver the best outcome for shareholders and creditors.
Depending on the structure of the deal, the board may opt for either a solvent liquidation or to leave the company as an AIM Rule 15 cash shell – effectively a listed company with no operations, which must secure a new acquisition within six months or risk being delisted.