Vinanz debut on the London Stock Exchange – Monday 13th January 2025

In December, Vinanz raised £1.5 million (gross) at 14.5 pence per share, stating the placing will be primarily used to expand the Company’s Bitcoin mining fleet in its North American Bitcoin mining operations and expand our operations into new US States in the new year.

Vinanz is focused on building up a stock of Bitcoin by generating Bitcoin from its expanding network of Bitcoin miners in third-party hosting facilities in North America. Vinanz has a fleet of miners operating in facilities in Indiana, Iowa, Nebraska in the USA and Labrador in Canada.

On 4 December, Vinanz advised of its intention to apply for the Company’s ordinary shares to be admitted to the Official List of the Financial Conduct Authority (“FCA”) and to trading on the main market (“Main Market”) for listed securities of the London Stock Exchange.

Now fully funder, Vinanz would push into 2025 with the Prospectus to Trade on the Main Market of London Stock Exchange.

David Lenigas, Vinanz’s Chairman, commented; “We intend to apply for Admission of the Company’s shares to the LSE and our 4th draft  prospectus is being reviewed by the FCA.  This capital re-organisation was advised and actioned to simplify the capital structure to comply with the UK Listing Rules. A potential move to the LSE at such an exciting time in the global bitcoin sector, could potentially attract a broader pool of shareholders.”

It is expected that: (i) the Enlarged Share Capital will be admitted to the Transition Category of the Official List and to trading on the Main Market at 8:00am on 13 January 2025; and (ii) trading in the Existing Ordinary Shares on AQSE will be cancelled by 4:30pm on 10 January 2025. The last day of trading of the Ordinary Shares on AQSE is therefore expected to be 10 January 2025.

Tomorrow we have lift off, stand by your beds!

Here is Zak Mir take: Vinanz 15.75p Target 25p ; The cause here has of course been helped by the push for Bitcoin through $100k, very handy when you are a Bitcoin miner, and the company’s clear commitment to fill its boots as far as gaining exposure to the ongoing bull run.

It has been noticeable that the bull run here has been so strong, over the past year one could count the amount of red daily candles (8) on both hands, with fingers to spare.

This kind of strength in the price action is very rare, a point underlined by the way even this month’s £1.5m conditional placing has barely caused a ripple. Given that this placing is conditional on a breakthrough move from Aquis to the LSE, BTC looks like an intriguing situation to follow in 2025, especially if Bitcoin continues to rally.