IN BRIEF: Seed Capital Solutions narrows loss ahead of equity raise

Seed Capital Solutions PLC - London Main Market-listed shell company seeking to buy a business with strong environmental, social and governance credentials - Seed Capital releases its earnings for the six months that ended June 30. Its pretax loss is £92,600, narrowed from £287,400 a year before. The recent six months represent the second interim period of Seed Capital's 18-month financial year ending December 31. This follows the recent change of its financial year-end to follow the calendar year.

Back in July, Seed Capital abandoned its proposed acquisition of Cuarta Dimension Medica SL due to a lack of Spanish government authorisation. To cover the costs of the failed acquisition, Seed Capital plans an equity raise, which was approved by shareholders last week. As a result, its shares are suspended from trading in London.

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