Valereum PLC (AQSE:VLRM) has confirmed that its anticipated £19 million strategic investment deal with DMC is nearing completion, with all documentation signed and held in escrow pending receipt of funds.
The company plans to update the market as soon as the transaction formally closes.
A separate £1 million subscription from a UK institutional investor, however, will no longer proceed. Valereum thanked stakeholders for their continued interest.