RE: RNS Fundraise/Bitcoin Treasury Reserve Strategy23 May 2025 18:13
Cel AI PLC("Cel AI" or the "Company")
Cel AI Completes Fundraise of £500,000 and Launches Bitcoin Treasury Reserve Strategy
Cel AI Plc (LSE: CEL) announces it has raised gross proceeds of £500,000 (before expenses) by way of a placing (the "Placing") for a total of 111,111,111 of new ordinary shares ("Placing Shares") with institutional and accredited investors by CMC Markets UK Plc and a direct subscription by two of the Company's directors, Nickolas Lyth and Matthew Lodge, of 111,111,110 new ordinary shares (the "Subscription Shares" and together with Placing Shares, the "New Shares"), of 0.1p each in the share capital of the Company ("Ordinary Shares") in each case at an issue price of 0.225p per Ordinary Share, being the 22 May 2025 closing price (the "Issue Price").
The Placing Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares in issue and therefore will rank equally for all dividends or other distributions declared, made or paid after the issue of the Placing Shares.
Use of Proceeds
Net proceeds will be used to fund ongoing operations and initiate the Company's newly approved Bitcoin ("BTC") Treasury Reserve Strategy, aligning Cel AI with the growing cohort of public companies integrating digital assets into corporate treasury management.
The Board notes that a growing number of publicly listed companies-including MicroStrategy, Tesla and Block-have successfully integrated Bitcoin into their treasury policies as a long-term store of value and inflation hedge. By adopting a similar approach, Cel AI aims to diversify its balance sheet and enhance capital-allocation flexibility.
UK-listed Smarter Web Company plc has incorporated a Digital Asset Treasury Policy, accepting Bitcoin for client payments and crediting the move with accelerating organic growth while underpinning its acquisition strategy. Further afield, Tokyo-listed Metaplanet Inc. has accumulated more than 5,000 BTC and delivered a year-to-date treasury yield of over 120 percent after establishing a dedicated U.S. subsidiary to expand its reserve. These examples reinforce the Board's conviction that a disciplined Bitcoin strategy can create tangible shareholder value.
"The early success of pioneers such as Smarter Web Company and Metaplanet shows that thoughtful Bitcoin treasury management can strengthen the balance sheet and signal technological leadership. We intend to follow a similarly prudent path as we execute Cel AI's growth plans," said Olivia Edwards, Board Chair.
Total Voting Rights:
Application will be made to the Financial Conduct Authority ("FCA") for admission of the New Shares to the standard listing segment of the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the Placing Shares on the LSE's Main Market for listed securities (together "Admission"). It is expected that Admission will take place at or around 8.00 a.m. on or around 30 May 2025
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