Just for the fun of it...9 Jan 2026 00:05
July 2025:
Completion of Equity Fundraise
The Equity Fundraise (including the CLN) has delivered gross proceeds of £5 million, putting the Company in a strong financial position from which to advance its current Flexible Generation Power build-out strategy to develop or acquire a portfolio of up to 300+ MW generating capacity.
Pursuant to the Equity Fundraise, the Company has issued the Investors with certificates for the Prepaid Warrants and the Cash Warrants which are exercisable at a fixed price of £0.04 per warrant subject to the terms set out in the 23 May 2025 RNS announcement. Half of the Cash Warrants are exercisable for a period of six months from the date of grant and half for a period of 12 months from the date of grant. Exercise of the Cash Warrants would bring in up to £10 million in additional gross proceeds to the Company.
The Company has received notices of the exercise of Prepaid Warrants over a total of 387,858 ordinary shares in the Company at an exercise price of £0.04 per ordinary share (the "Warrants Shares").
Under the terms of the Equity Fundraise, the Company has entered into a relationship agreement with each of the investors to govern the relationship between the Company and the investors. Further, the Company has entered into a 24-month consulting agreement for business development and support services totalling £2m as described in the Prospectus published on 9 July 2025.
Let's see the SP above 4p.....