British EV Battery Firm DG Innovate to Delist from London Stock Exchange

The company, led by former Tesla executives, cites lack of UK investor support and regulatory burdens as key factors in its decision to go private.

DG Innovate, a Wales-based developer of sodium-ion batteries for electric vehicles, announced plans to delist from the London Stock Exchange by January 31, 2025.
The company criticized the lack of demand from UK institutional investors and the regulatory burdens of being publicly listed as major obstacles to its growth.
Shares of DG Innovate fell by 75% after the announcement, reducing its valuation from £12 million to £2.8 million.
DG Innovate plans to offer a private trading mechanism for existing shareholders after delisting and is in discussions with potential private investors.
The move highlights broader challenges for the London market, which has seen declining support for smaller firms and increased competition from other global financial hubs.