Polarean Imaging mulls going private

Polarean Imaging is considering delisting from the Alternative Investment Market (AIM), a submarket of the London Stock Exchange, and becoming a private concern.

The company cited the following reasons for its proposal, including "stronger access to capital, listing and compliance costs, public market undervaluation, and the current funding environment."

Delisting from AIM requires a special resolution requiring a 75% vote in favor from shareholders, according to the firm. The vote is scheduled for December 15 and, if approved, the cancellation is expected to become effective on December 23, it said.