REG - Acceler8 Ventures - Fundraise

Acceler8 VenturesAnnouncement

29/08/2025 07:00

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RNS Number : 1109X  Acceler8 Ventures PLC  29 August 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

29 August 2025

ACCELER8 VENTURES PLC

Fundraise

Acceler8 Ventures Plc (LSE: AC8, "AC8" or the "Company"), the Main Market
listed acquisition company, announces that further to the announcement made on
17 June 2025, AC8 has successfully raised £380,000 through the issue of
unsecured Convertible Loan Notes ("CLNs").

The CLNs have been issued to new incoming investors in order to raise funds to
support the Company's modest working capital requirements in pursuit of an
initial transaction.

The principal terms of the CLNs are as follows:

Amount: £380,000

Interest rate: 8 per cent. per annum, payable-in-kind and compounding annually

Redemption: No redemption rights applicable save for agreement by the
Noteholder following a tender offer by the Company

Conversion: Automatic conversion of principal and accrued interest on the
earlier of completion of an Initial Transaction (as defined by UKLR 13.4.1)
and the third anniversary of CLN issuance

Conversion price: The lower of £1 per Ordinary Share and a 30 per cent.
discount to the prevailing price per Ordinary Share applicable to the Initial
Transaction, or a 30 per cent. discount to a 20-trading day VWAP as at close
on the last trading day prior to the third anniversary of CLN issuance

Security: The CLNs will rank pari passu with other unsecured creditors of the
Company

Inside Information

 

This announcement contains inside information as defined in Regulation (EU)
No. 596/2014 on market abuse which is part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("MAR") and is made in accordance with
the Company's obligations under article 17 of MAR. The person responsible for
arranging the release of this announcement on behalf of AC8 is David Williams,
Chairman of AC8.

 

Enquiries:

 

 Tessera Investment Management Limited
 Tony Morris                            +44 (0) 7742 189145

 

 

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