{
  "id": 10879862,
  "title": "Golden Rock Global reports £656,355 loss, appoints advisor",
  "url": "https://urgent.news/2026/09/30/golden-rock-global-reports-656-355-loss-appoints-advisor",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T06:32:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/golden-rock-global-reports-656355-loss-appoints-advisor-93CH-4924168"
  },
  "original_language": "en",
  "account": "Golden Rock Global PLC, a company listed on the London Stock Exchange, disclosed a significant operating loss of £656,355 for the six months ending June 30, 2026. This represents an increase from the £288,713 loss reported in the same period last year. The per-share loss rose to 2.54 pence, up from 1.26 pence previously. The Jersey-registered company cited higher spending on professional advisors and potential acquisition-related costs as the primary reasons for the financial decline. Despite this, Golden Rock secured additional convertible loan note funding of £1,035,000 during the period, increasing its total facilities to £1,490,000. This amount was fully utilized to meet working capital needs. As of June 30, 2026, the company reported £728,659 in cash reserves at its bank accounts, compared to £272,892 at the same time last year. However, the company's London Stock Exchange listing has been suspended since January 21, 2026, following the announcement of non-binding heads of terms for a potential reverse takeover with StarEdge Digital Infrastructure Inc. The suspension remains in place as the company works to finalize the transaction. Additionally, the company disclosed a material oversight in a related party loan transaction made to director Paul Carroll on May 28, 2026. The loan, amounting to £80,000 with an 8% annual interest rate and due on October 18, 2026, exceeded 5% of the company's latest published gross assets, which should have been disclosed per DTR 7.3. This was identified during the review of the interim financial statements. To support its proposed reverse takeover and admission into the Equity shares category of the Official List, Golden Rock appointed SPARK Advisory Partners Limited as its sponsor and financial advisor.",
  "summary": null,
  "key_points": [
    "Golden Rock Global reported £656,355 loss for June 30, 2026, period",
    "Company appointed SPARK Advisory Partners as advisor and sponsor",
    "£1,035,000 convertible loan funding secured to meet working capital"
  ],
  "editors_take": "Golden Rock Global's increased loss and appointment of a financial advisor signal a strategic shift towards a potential reverse takeover, indicating a bid to regain listing status and access new capital.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}