Crimson Tide has announced that the proposed recommended all share merger with Checkit has failed to achieve the required levels of support at today’s General Meeting and the Scheme has not been approved. We maintain FY24 guidance to December, and place FY25E and FY26E forecasts and target price under review. As reported at the 11 February trading update at the announcement of the proposed merger, FY24 is expected to deliver £5.2m ARR (-10% yoy) following predicted exceptional churn from a COVID ....
