Aston Martin Lagonda Global Holdings PLC is in early-stage talks with potential investors as the company reviews its funding requirements and options.
The luxury carmaker said in a Dec. 13 release that it plans to build "longer term relationships" with potential investors that may or may not involve an equity investment.
The statement follows a Financial Times (London) report that said Aston Martin held talks with potential investors to raise fresh capital through an equity sale. Aston Martin shares jumped Dec. 5 following a report that said Canadian billionaire Lawrence Stroll formed a consortium of investors to buy a major stake in the company.
Aston Martin shares dropped 9.49% on Dec. 13 to close at 556.8 pence.
Aston Martin on Nov. 7 posted an adjusted loss per share of 4.8 pence for the third quarter ended Sept. 30.