Marine seismic services provider Thalassa Holdings Ltd’s partial offer for Rock Solid Imaging has lapsed after the acceptance condition was not reached.
Acceptances totalled 8.71%, with more than two-thirds taking up the share offer. Thalassa was offering 0.48p a share in cash or one Thalassa share for every 43 RSI shares. At 30.5p a share, Thalassa is valued at £2.97m and the share bid at 0.71p per RSI share. Thalassa already owns 4% of RSI.
RSI, which interprets seismic data, left Aim and is currently quoted on BritDAQ, where 100,000 shares were traded at 0.5p a share during April.
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