Further to the strategic review announced on 22 October, Polarean has now formally proposed to delist from AIM and take the company private. The reasons cited by Polarean are: stronger access to capital, listing and compliance costs, public market undervaluation, and the current funding environment. Polarean reiterated its cash runway guidance through 2Q26 and its anticipated US$20m funding requirement. Cancellation from AIM is subject to a special resolution requiring a 75% vote in favour of the votes cast and shareholders accounting for 35% of the company's shares intend to vote in favour. The vote is scheduled for 15 December 2025 and, if approved, the cancellation is expected to become effective on 23 December 2025.
