RE: πππππ1 Jul 2025 12:49
The Directors have prepared cash flow forecasts up until June 2026 which take account of the current cost and operational structure of the Company.
The Company meets its working capital requirements from its cash and cash equivalents. The Company is pre-revenue, and to date has raised finance for its activities through the issue of equity. The Directors have prepared a detailed forecast for the 12 months following the date of signing this report based on forecasted expenditure, including all required spend to meet its corporate overhead costs. This forecast has been stress tested by Management. However, the Company's ability to meet future operational objectives through to completing an acquisition or developing technology products will be reliant on raising further finance.