Mirriad cash position boosted by R&D tax credit

(Sharecast News) - Mirriad Advertising said on Wednesday that it has received a research and development tax credit of approximately £0.346m from HMRC, boosting its cash position. The AIM-traded virtual product placement specialist said the payment related to the financial year ended 31 December 2024.

As a result of the receipt, Mirriad said its current cash position now stood at around £1.275m.

At 0900 GMT, shares in Mirriad Advertising were down 9.09% at 0.01p.

Reporting by Josh White for Sharecast.com.