Beacon Rise Holdings (LSE:BRS) fell 5.9% to 160p after abandoning its proposed £1.35m acquisition of ProActive Training.
The board said it entered non-binding heads of terms on 21 October 2025, but concluded the deal would not be in the best interests of shareholders.
The originally disclosed consideration for the Proposed Training-provider Acquisition was approximately £1.35 million and the parties had moved only as far as non-binding terms prior to termination.
The company continues to progress due diligence on the two other previously announced proposed acquisitions, the proposed Ergotec acquisition and the proposed Chiropractor acquisition, and reports considerable progress with advisers on finalising transaction documentation for admission.
Beacon Rise said each proposed acquisition is separate and not inter-conditional.
