IN BRIEF: Insig AI draws down GBP290,000 from chair's loan facility

Mon, 09th Jan 2023 12:37

Insig AI PLC - London-based data science and machine learning - Draws down a third tranche of GBP290,000 from its convertible loan facility agreement with Chair Richard Bernstein. After this, GBP100,000 remains available. The GBP750,000 loan agreement was announced in September to help solve Insig's short-term working capital needs. The facility is in addition to the GBP1.0 million one previously provided by Bernstein that was announced back in May.

Current stock price: 14.14 pence, down 13% in London on Monday around midday

12-month change: down 67%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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