Imaginatik secures over $1.5m in renewals and new business.

Imaginatik has secured more than $1.5m worth of orders since the start of September and is close to appointing a nominated adviser to allow trading in its shares to resume.

Imaginatik's share have been suspended from trading on AIM since 27 September, after FinnCap quit, giving management a month before the listing will be cancelled.

The company, which put itself up for sale in February, made a U-turn and raised new finance in the summer and then appointed new chief executive Angus Forrest in August, said it had scored the new contracts through a combination of renewals and new business, with four of the new deals inked with new customers, including an unnamed "major US agrichemical business" and a "leading Formula One team".

The corporate innovative solutions provider assured shareholders that it was performing in line with targets set by the group back in June.

"There is still much to do but there is overall improvement and various potentially significant opportunities are being presented to the company," directors said in the statement.

Imaginatik said it has now selected one which is currently finalising due diligence.

As of 0920 BST, Imaginatik shares remained suspended from trading.