IN BRIEF: File Forge Technology in reverse takeover of Amirose London

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

File Forge Technology PLC - investment company focused on filecoin, a blockchain-based decentralised data storage technology - Signs a non-binding accord to buy Amirose London Ltd from Epoque Services Inc Ltd for £5.0 million in shares. File Forge has a market capitalisation on Aquis Stock Exchange of just £208,000, so the potential deal represents a reverse takeover. It will take File Forge somewhat back to its origins. It had listed on AQSE back in 2021 as a company investing in biotech and life sciences companies ‘seeking to prove the safety and efficacy of psychedelic-based substances’, before changing its focus to filecoin last year. Amirose is a contract manufacturer for personal care products with a ‘high margin, mid volume business model’, File Forge says. It recorded £38,800 in profit on £12.7 million in turnover in 2024. Amirose services some 200 brands from manufacturing facilities in Thetford, Norfolk. After completing the acquisition, which will include a £500,000 equity raise, File Forge will change its name to Amirose London Holdings PLC.

Copyright 2025 Alliance News Ltd. All Rights Reserved.