RE: Neuralink9 Apr 2024 19:06
The funder has offered 10p per share fund raise in cahoots with the inept CEO Mr Curran who was 44% and is backing them
At £4mln cap and with Elon Musks Neuralink amongst the big clients using SND also Google and Tesla there will likely be a takeover approach before the 6mths is passed
in such manner that would allow an orderly exit for those shareholders who do not wish to hold shares in a private company environment, where a trading facility will not be offered. The Company and ROX are of the opinion that the costs and complexities of being quoted on AIM do not benefit the Company and its shareholders during a period where the business is undergoing transformation.
It is anticipated that a Cancellation resolution will be put to Shareholders within six months of completion of the Fundraise. Graham Curren has irrevocably undertaken to the Company and to ROX to vote in favour of a Cancellation resolution in respect of those shares in which he and his connected persons are interested, being in aggregate 39,253,866 Ordinary Shares, representing 44.88% of the Company's existing issued Ordinary Share capital.