The investment group is still owed £1.1mln of its originally targeted £3.1mln from the open offer and placing announced last July.
READ: Adamas Financial Asia says portfolio has been resilient in the face of the coronavirus pandemic
However, the company noted it has more than adequate cash for the operation of its business and planned investment activities as it enters 2021.
Strategic initiatives that have been delayed pending receipt of the final placing monies will now be progressed without any further delay, as there is no certainty of receiving the funds, Adamas added.
“However, vigorous efforts will continue to be made to collect the funds,” the firm stressed.
The Asia-focused small company financier said a further announcement will follow in January outlining the business initiatives which the company expects to launch in the new year.