Change of name and focus on the SOL ecosystem

AQRU plc

11 January 2024

 

11 January 2024

AQRU Plc

("AQRU" or "the Company")

Change of name to Supernova Digital Assets Plc and focus on the SOL ecosystem

AQRU Plc (AQUIS: AQRU), is pleased to announce that the Company is to change its name to Supernova Digital Assets Plc.

The relevant paperwork has been filed with Companies House, and the change of name will be effective once Companies House has issued a certificate of incorporation on change of name. A further confirmatory announcement will be made when the name change is formally effective.

The change aligns the Company's name with its strategic focus to become a value provider for the Solana ecosystem.  The Board of Directors believe that the Supernova Digital Assets name better reflects the Company's desire to build an active and engaged community of investors that believe in the opportunity of the Solana ecosystem and want public market exposure to this growing market.

Following the name change becoming effective, the Company's ticker symbol, under which its shares are traded on the AQUIS, will be changed to "SOL", and a further announcement will be made; until such time, trading will continue under the "AQRU" stock ticker.

Update on Balance Sheet

The Company has an unaudited net asset value of £3.6million (0.297p per share) as at 10 January 2024, including £2.157 million (0.166p per share) in liquid crypto. The current share bid price is now 66% below the Company's net asset value ("NAV").

The company holds crypto tokens worth £2.157 million, with 27,118 of these being Solana Tokens, which as of January 10, 2024, are valued at £2.013m.

In addition, the Company's website address has changed to www.thesupernova.io

Michael Edwards, Executive Director of Supernova Digital Assets commented: "The change of name announced today further solidifies our strategic shift in our operations to focus on the Solana digital asset ecosystem. We believe that through the power of the Solana network we can build, stake, and invest in a foundational technology of the future.   There are more than 2500 active monthly developers on the SOL network now and we believe that the scalability and throughput of the SOL network will lead to a significant ROI for investors in the crypto ecosystem in the long term. We are eager to leverage our current momentum and our solid SOL token position to drive substantial, enduring growth in the future."

The Directors of Supernova Digital Assets Plc accept responsibility for this announcement.

For further information please contact:

Supernova Digital Assets Plc
Mike Edwards  Executive Chairman	Via First Sentinel
First Sentinel
AQSE Corporate Adviser  Brian Stockbridge	[phone]

 

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