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

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

File Forge Technology PLC is acquiring Amirose London Ltd in a non-binding agreement.

The investment company, focusing on Filecoin decentralised data storage technology, will pay Epoque Services Inc Ltd GBP5.0 million in shares for the contract manufacturer of personal care products.

The deal will see File Forge, valued at just GBP208,000 on Aquis Stock Exchange, take on a company operating in a "high margin, mid volume business model".

Amirose, which services around 200 brands from its manufacturing facilities in Thetford, Norfolk, reported GBP38,800 in profit on GBP12.7 million in turnover in 2024.

After the acquisition, which will be subject to due diligence and include a GBP500,000 equity raise, File Forge will change its name to Amirose London Holdings PLC.

File Forge’s listing on AQSE in 2021 saw it present itself as a company investing in biotech and life sciences companies "seeking to prove the safety and efficacy of psychedelic-based substances".

The company later pivoted to focus on Filecoin, a blockchain-based decentralised data storage technology.