Ethernity Networks shares plunge 33% as cash crisis forces senior management cuts.

Ethernity Networks, a semiconductor tech company, saw its shares drop by a third after revealing a cash crisis that forced its CEO and VP of R&D to reduce their work to part-time. The company failed to receive expected funds from warrant exercises, which were crucial to its 2026 cash flow plan. With shares down 92% over the past year and a current valuation under £200,000, Ethernity now targets $1.6-$1.8 million in revenue mainly from a US defense contract. If revenues fall short, it may need to raise more funds this year while aiming to maintain operations and core R&D capabilities.