Zephyr Energy, Quantum Blockchain, Pathos Communications, AOTI, Scancell - Small Cap Update
Several small-cap companies have announced key developments. Zephyr Energy secured non-dilutive financing of up to $15 million for its Paradox Basin project in Utah through Atlas Oil Company, with repayment based on future production and no shares issued. Quantum Blockchain received US patent approval for technology aimed at improving Bitcoin mining efficiency and is now exploring licensing opportunities. Pathos Communications reported a 14% revenue increase to £7.3 million in the first half of the year, driven by its AI platform and new sales structure, with client sign-ups rising around 30%. AOTI noted an 18% growth in underlying H1 revenue ahead of guidance due to strong demand from Veterans Administration clients. Scancell confirmed a £15.7 million UK fundraising success, which will support a global phase III trial for its melanoma treatment and facilitate the merger with US biotech Neuphoria.