Revolution Bars Group plc (AIM:RBG) updated on the Phase 1 of the FSP and M&A Process announced on April 10, 2024. The company said it received no proposals to acquire its entire assets via a single transaction, although there were a number of bids to acquire some of its assets. 32 parties were participated in the FSP.

The Board plans to continue to explore FSP and M&A process, parallelly seeking other strategic options including Fundraising supported by existing and new shareholders.