Trackwise Designs PLC (AIM:TWD) shares tanked 70% on the AIM market in Friday’s opening hours after the printed circuit technology manufacturer failed to provide financial statements for the last financial year.
In a regulatory statement, Trackwise said manufacturing delays and “intense demands upon the entire management team” have caused delays in the financial auditing process.
Trackwise said its cash runway only extends to July.
Shares have now been suspended per AIM trading rules.