• All legacy financial and personnel issues relating to the Company's previous activities now addressed. Company's current running costs now able to be met for foreseeable future from current cash resources.
• Strategic re-positioning, to solely focus on the AI and Deep Tech space.
• Intended name change to capAI Plc.
• Board changes which include the immediate appointment of two new Non-executive Directors.
• First move underpinning strategic Al pivot expected imminently.
• Grant of share options and settlement of professional service fees.
The Company has a cash runway for the foreseeable future to meet current day-to-day running costs. Hence, stakeholders can be assured that the Board will only look to raise additional capital as and when appropriate, and only to directly further the Company's ambitious plans in regards to its AI strategy.