FX.co ★ Nanoco: Financial Adviser To Review Options For Trading Business, IP And Other Assets

Nanoco has announced that its Board has appointed CDX Advisors to explore strategic options for its trading business, intellectual property, and other assets. This review includes the possibility of selling the trading business and associated assets. The company has begun measures to streamline its cost structure, including reducing staff and downsizing the Board by the 2025 fiscal year.

Additionally, the Board believes it is timely to return surplus cash to the shareholders in fiscal 2025. They plan to initiate this capital return following the publication of the fiscal 2024 report and accounts.