Board Change • May 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Senior Independent Non-Executive Director Victoria Lisa Sena is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Nov 18
TSP Advanced Technologies Plc, Annual General Meeting, Dec 10, 2025 TSP Advanced Technologies Plc, Annual General Meeting, Dec 10, 2025. Location: regus, crawley, gatwick airport manor royal, churchill court 3, rh10 9lu, crawley United Kingdom Board Change • Oct 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Senior Independent Non-Executive Director Victoria Lisa Sena is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 15
TruSpine Technologies Plc has completed a Follow-on Equity Offering in the amount of £0.119345 million. TruSpine Technologies Plc has completed a Follow-on Equity Offering in the amount of £0.119345 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,869,043
Price\Range: £0.005
Transaction Features: Subsequent Direct Listing Announcement • May 23
TruSpine Technologies Plc has filed a Follow-on Equity Offering in the amount of £0.0495 million. TruSpine Technologies Plc has filed a Follow-on Equity Offering in the amount of £0.0495 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,300,000
Price\Range: £0.015
Transaction Features: Subsequent Direct Listing Announcement • Mar 19
TruSpine Technologies Plc, Annual General Meeting, Apr 10, 2025 TruSpine Technologies Plc, Annual General Meeting, Apr 10, 2025. Location: regus, gatwick airport manor royal, churchill court 3, rh10 9lu, crawley United Kingdom New Risk • Dec 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.61m market cap, or US$2.02m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Jul 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.44m market cap, or US$3.17m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Mar 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£908.0k market cap, or US$1.16m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Mar 14
TruSpine Technologies Plc has completed a Follow-on Equity Offering in the amount of £0.29074 million. TruSpine Technologies Plc has completed a Follow-on Equity Offering in the amount of £0.29074 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,382,698
Price\Range: £0.015
Transaction Features: Subsequent Direct Listing Announcement • Feb 23
TruSpine Technologies Plc, Annual General Meeting, Mar 15, 2024 TruSpine Technologies Plc, Annual General Meeting, Mar 15, 2024, at 13:00 Coordinated Universal Time. Location: Regus, Churchill Court 3, Crawley, RH10 9LU Crawley United Kingdom Announcement • Aug 17
TruSpine Technologies Plc has completed a Follow-on Equity Offering in the amount of £0.05 million. TruSpine Technologies Plc has completed a Follow-on Equity Offering in the amount of £0.05 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: £0.025
Transaction Features: Subsequent Direct Listing New Risk • Jul 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 32% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.19m market cap, or US$2.83m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). New Risk • Jul 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.06m market cap, or US$1.35m). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (9.6% average weekly change). Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Non-Executive Director Annabel Schild is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 01
TruSpine Technologies Says Approached with Equity Funding Package for Working Capital TruSpine Technologies Plc (OFEX:TSP) has been approached with an equity funding package that would provide additional working capital. It is consulting with advisers on the proposal and an announcement will follow, it says. TruSpine's financial position remains weak, after it reported a widened loss for the financial year that ended March 29 due to increased development costs. The company says it has been urgently seeking alternative sources of finance, as additional funding must be secured as quickly as possible to allow operations to continue. Announcement • Oct 13
TruSpine Technologies PLC, Annual General Meeting, Oct 27, 2022 TruSpine Technologies PLC, Annual General Meeting, Oct 27, 2022, at 08:00 Coordinated Universal Time. Location: Spectrum House, Af33, Beehive Ring Road, London Gatwick Airport, Gatwick, England, RH6 0LG Gatwick United Kingdom Agenda: Annual General Meeting. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 5 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Non-Executive Director Annabel Schild is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. 