Shares of DG Innovate (LSE: DGI) plummeted over 70% Tuesday after the company announced plans to delist from the London Stock Exchange, citing difficulties in raising funds and regulatory constraints.
The advanced research firm, which focuses on sustainable mobility and energy storage, said it plans to complete its delisting by 31 January 2025.
The company stated that it believes there is a lack of investor demand for early-stage businesses like DG Innovate within the UK’s traditional institutional investor base.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Despite operational progress, including partnerships with EVage and Cummins and advances in prototype testing, the board deemed the costs and administrative burdens of remaining listed disproportionate to the benefits.
DG Innovate stated that delisting would simplify operations, reduce costs, and open doors for significant funding from investors hesitant to support a publicly listed entity.
“Furthermore, current discussions with potential investors who could substantially invest in DGI were it no longer listed has given the Directors confidence that this provides the best available route to significant funding,” added the company.
Following the delisting, shareholders will retain their stakes but lose access to a formal trading platform and protections under UK listing and market abuse regulations.
The company is exploring a matching platform to provide liquidity for shareholders post-delisting. DG Innovate aims to publish its 2024 annual accounts by April 30.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading and investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
