RE: Rising10 Mar 2023 11:43
For each two new Ordinary Shares purchased under the Subscription, the investor will receive one warrant to subscribe for new Ordinary Shares at an exercise price of 504 pence per Ordinary Share for a period of five years, conditional on either the market capitalisation of the Company exceeding US$500 million for a period of three consecutive trading days or a future funding round being concluded with a post-money valuation of US$500 million or greater (the "Warrants"). A total of 70,742 Warrants will be issued under the Subscription, once the funds are received.