RE: Thought it was going up but new placing coming it seems?24 Dec 2025 11:12
Hopist ~ The date of the document is 22nd December. The salient details in the Stock Exchange document are:-
FUNDRAISING STATISTICS
Total number of Existing Ordinary Shares as at the date of this Document* 10,739,259,735
Placing Price £0.005
Total number of Placing Shares 193,000,000
Total number of Subscription Shares 334,472,994
Total number of Warrant Shares 238,148,744
Total Fundraising Shares 765,621,737
Total Consideration Shares 5,686,942,198
The Enlarged Share Capital on Admission 17,191,823,671
Number of Fundraising Shares as a percentage of the Enlarged Share
4.5 per cent.
Capital
Number of Consideration Shares as a percentage of the Enlarged Share
33.1 per cent.
Capital
Total number of Options 2,098,000,000
Total number of AlbR Warrants 2,325,000
Total number of Axis Warrants 2,500,000
Total number of BCL Warrants 10,000,000
Total number of Subscriber Warrants 334,472,994
Total number of Placee Warrants 193,000,000
Total New Warrants 542,297,994
Total number of Outstanding Warrants Shares 544,133,566
Total number of Dilutive Instruments 3,184,431,560
Fully Dilutive Ordinary Share Capital 20,376,255,231
Number of Dilutive Instruments as a percentage of Fully Dilutive Ordinary
15.6 per cent.
Share Capital
Gross proceeds of the Fundraise (before expenses) £3.02 million
Estimated outstanding IPO Admission expenses £800,000
Net Proceeds of Fundraise £2.22million
Expected market capitalisation of the Company** approx. £86 million
* This figure includes all warrant exercises from the date of suspension 31March 2025 until the date of the Document
**The expected market capitalisation of the Company at that time of Admission is based on the Placing Price of £0.005.
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