Microsaic Systems PLC - Surrey-based developer of real-time mass spectrometers - Says it is in the process of securing binding conditional commitments to a placing through investments, following a completion of share consolidation and sub-division on Tuesday. ‘The company’s ongoing due diligence with regard to the acquisition and finalisation of the terms of the acquisition agreement continue to make positive progress,’ Microsaic Systems says. Last week Friday, shareholders voted in favour of consolidating and sub-dividing share capital. Back then, the company said it continued to advance its interest in buying assets and business of the water testing business previously operated by Modern Water.

Current stock price: 0.0064 pence each on Thursday in London

12-month change: down from 2,031.00p on January 4, 2023

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