Gelion plc
FINPROM Findings
7“the Board is conscious that its current forecasted costs over the next 12 months are in excess of its cash position as enhanced by the Fundraising...sufficient until approximately January 2026...the Directors expect to engage appropriate advisers to assess its financial position with regard to its solvency status”
Explicit disclosure that even with the fundraise, cash runs out by January 2026, and without it the company would need to assess solvency status. This is a material going concern warning embedded in a fundraise announcement that also includes a retail offer.
“Sulfur is the only geographically agnostic battery cathode material combining relatively low cost with natural abundance...the Board considers that this chemistry has the potential to become the battery technology of choice...Directors therefore believe that the Company is well-positioned to become a solutions provider of significant influence”
Superlative claims about being 'the only' material and 'the battery technology of choice' presented alongside a going concern warning creates a stark contrast that could mislead retail investors about the risk-return profile.
“Steve Mahon, Graham Cooley, Thomas Maschmeyer, Michael Davie, John Wood and certain other employees”
Multiple directors and insiders participating in the subscription of £1.15m out of a total £2.1m raise (55% of total) alongside a going concern warning raises questions about the independence of the fundraise structure.
“Retail Offer via BookBuild...of up to 2,126,554 new ordinary shares...at an issue price of 9 pence per New Ordinary Share...to raise total gross proceeds of £191,389.86”
A retail offer is being launched on the same day as a fundraise announcement that contains explicit going concern language and solvency warnings. Retail investors accessing this offer via the BookBuild platform may not fully appreciate the survival risk.
“WRAP Retail Offer for up to £500k”
Launch 16 Oct, early close 20 Oct (4 days). Reasonable window in context of the overall dataset but noted because it was 'oversubscribed' requiring scaling back.
“Gelion plc (AIM: GELN) the global energy storage innovator, is pleased to announce that due to the level of demand received, the Company has decided to close the WRAP Retail Offer early.”
Compliant early-close notice — company explains the reason and refers to the original announcement for defined terms. Standard and reasonable.
“the global energy storage innovator, is pleased to announce that...due to additional demand in the accelerated bookbuild process, which has now closed, the Company has increased the size of the Placing”
Self-description as 'the global energy storage innovator' in a result announcement is promotional language. The upsizing due to demand is factual but carries promotional framing while the retail offer remains open.
RNS Announcements
6Result of Oversubscribed WRAP Retail Offer
THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (" UK MAR "). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN. 21 October 2025 Gelion plc (" Gelion " or the " Company ") Result of Oversubscribed WRAP Retail Offer Gelion plc (AIM: GELN) the global energy storage innovator, is pleased to confirm, furthe…
Early Close of WRAP Retail Offer
THIS ANNOUNCEMENT. 20 October 2025 Gelion plc (" Gelion " or the " Company ") Early Close of WRAP Retail Offer Gelion plc (AIM: GELN) the global energy storage innovator, is pleased to announce that due to the level of demand received, the Company has decided to close the WRAP Retail Offer early. Accordingly, the WRAP Retail Offer is now closed. A further announcement will be made on 21 October 2025 regarding the total proceeds to be accepted and the number of Ordinary shares to be issued pursuant to the WRAP Retail Offer. Terms used but not defined i…
WRAP Retail Offer for up to £500k
THIS ANNOUNCEMENT. THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN APPROVED BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 141455). 16 October 2025 Gelion plc (" Gelion " or the " Company ") WRAP Retail Offer for up to £500k Gelion plc (AIM: GELN) the global energy storage innovator, is pleased to announce a retail offer via the Winterflood Retail Access Platform (" WRAP ") to raise up to £500,000 (th…
Proposed Placing, Subscription & Retail Offer
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING ARE SET OUT BELOW. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR TH…
Result of Placing and Subscription
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING ARE SET OUT BELOW. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR TH…
Retail Offer via BookBuild
THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF GELION PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL…
LinkedIn Activity
1Gelion 2024 Wrap Up article. CEO thanks investors for support in 'most recent capital raise last December'. Mentions £2.5m ARENA grant and ~£1m BESS revenue. Optimistic tone about delivering returns to shareholders.
Annual wrap-up article published on LinkedIn Pulse. References December capital raise but no details on amount, terms or dilution. No mention of going concern, cash runway to Jan 2026, or WRAP. No risk warnings present. URL: https://www.linkedin.com/pulse/gelion-2024-wrap-up-gelion-sjbuc
Videos During Deal Windows
1Board of Directors
23| Name | Role | Appointed | Status |
|---|---|---|---|
| Amit Gupta | Director | 2021-11-23 | active |
| Billy Anthony French | Director | 2021-11-28 | active |
| Dr Graham Edward Cooley | Director | 2024-12-31 | active |
| Dr Stephen William Mahon | Director | 2016-04-04 | active |
| John William Wood | Director | 2022-12-12 | active |
| Joycelyn Cheryl Morton | Director | 2021-11-23 | active |
| Michael Edward Davie | Director | 2021-11-23 | active |
| Thomas Maschmeyer | Director | 2016-04-04 | active |
| Amit Gupta | director | 2021-11-23 | active |
| Billy Anthony French | secretary | 2021-11-28 | active |
| Dr Graham Edward Cooley | director | 2024-12-31 | active |
| Dr Stephen William Mahon | director | 2016-04-04 | active |
| John William Wood | director | 2022-12-12 | active |
| Joycelyn Cheryl Morton | director | 2021-11-23 | active |
| Michael Edward Davie | director | 2021-11-23 | active |
| Thomas Maschmeyer | director | 2016-04-04 | active |
| Andrew Jonathan Charles Newman | director | 2016-04-04 | active |
| Andrew Grimes | director | 2021-11-23 | active |
| Robin Francis Chamberlayne | director | 2016-12-14 | active |
| Hannah Ruth Joan McCaughey | director | 2022-03-03 | active |
| Robert Michael Fitzpatrick | director | 2019-09-12 | active |
| John Rhys Edwards | director | 2015-09-26 | active |
| Dr Leonard James Humphreys | director | 2016-04-04 | active |