Mirriad Advertising plc (MMDDF)
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Mirriad plummets as trading update reveals revenues remain subdued
Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) shares fell 29.5% to 0.006p after the virtual product placement company said it expects to report full-year revenue of approximately £200,000 generated in the second half of the year. This means the whole of 2025 saw around £0.4 million of turnover, down 73% compared to the £1.5 million reported for 2024, although recognising some additional income is expected before the year-end.
Mirriad jumps 11% after Zeus takes near 9% stake
Shares in Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) rose 11% after a regulatory filing revealed that Zeus Investment Management has acquired a significant stake in the company. According to a disclosure released on Friday, Zeus now holds 1.5 billion shares, representing 8.78% of Mirriad's voting rights.
Mirriad Advertising agrees £1.5m emergency fundraise at heavy discount, with shareholder approval needed
Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) has raised £1.5 million through a placing of 15 billion new shares at a heavily discounted price of 0.01p per share. Shares in the company fell 40% on Wednesday on the news, down more than 95% since the end of April, when a potential takeover collapsed and the company warned it may soon run out of money and could enter administration within days unless fresh funding is secured.
Mirriad shares bounce 8% as funding talks continue, but risks remain high
Shares in MMirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) jumped 8% on Thursday morning after the company said talks with potential investors about a lifeline fundraise were still ongoing. The in-content advertising specialist said it had received initial indications of interest from some investors willing to support a possible equity raise, but cautioned there were no guarantees that any funding would materialise.
Mirriad Advertising slumps 36% after latest update
Shares in Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) dropped 36% after the company warned of significantly reduced revenue expectations for 2024. The in-content advertising firm struggled to secure major US contracts, with slower-than-expected progress in traditional markets and a decline in advertiser demand linked to election uncertainty and a shift toward digital ad solutions.
