REG - Astrid Intelligence - Subscription - intention to apply for OTC listing
09/09/2025 07:00
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RNS Number : 4976Y Astrid Intelligence PLC 09 September 2025
9 September 2025
Astrid Intelligence PLC
("Astrid" or "the Company")
Subscription and intention to apply for OTC listing
Astrid Intelligence PLC (ASTR) is pleased to announce that it has entered into
a subscription or "At The Market" facility agreement with Oak Securities (a
trading name of Merlin Partners LLP) and Oak Securities Limited (together,
"Oak"), pursuant to which Oak has agreed to use its reasonable endeavours to
sell shares held by its custodian, with the net proceeds of sale being paid to
the Company.
The Company has issued Oak with 575,242,361 ordinary shares of £0.001 each
("Subscription Shares") at par and Oak will use reasonable endeavours to sell
those shares within price and volume restrictions agreed with the Company.
It is the intention of the parties that the shares should only be sold when
market conditions are suitable and with a view to enhancing the value of the
Company for all shareholders. From the gross proceeds of sale, Oak
Securities will deduct its commission and its set up fee.
It is expected that the Subscription Shares will be admitted to trading on the
Access segment of the AQSE Growth Market on or around 12 September 2025.
Following Admission, the Company's total issued and voting share capital will
consist of 6,327,665,972 Ordinary Shares. The Company does not hold any
ordinary shares in treasury. The above figures may be used by shareholders for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure and Transparency Rules.
The Company also announces that it expects to meet the conditions required,
and if so will apply, to have its ordinary shares traded on OTC Markets in due
course. There can be no certainty as to the timing or success of such an
application. A further announcement will be made in due course.
Olivia Edwards, executive chair of Astrid said
"Whilst we are very pleased to put the At The Market facility in place, with
the Company's shares currently trading below net asset value, we have no
intention to raise equity capital at current share price levels. We are
focused on enhancing shareholder value as we grow our crypto treasury and we
will seek to use the ATM in times of more buoyant market conditions. By
putting the facility in place, we seek to demonstrate our intention to utilise
sophisticated mechanisms for raising capital and will also be reviewing
non-dilutive finance as the business grows. We are also keen to seek an OTC
listing to enhance the attractiveness of the Company to international
investors."
This announcement contains inside information.
The directors of Astrid Intelligence PLC take responsibility for this
announcement.
Important Notice
The Company intends to hold treasury reserves and surplus cash in Bitcoin,
Ethereum, Solana and Bittensor. These are types of cryptocurrencies or
cryptoassets. Whilst the Board of Directors of the Company considers holding
cryptocurrencies to be in the best interests of the Company, the Board remains
aware that the financial regulator in the UK (the Financial Conduct Authority
or FCA) considers investment in cryptocurrencies to be high risk. At the
outset, it is important to note that an investment in the Company is not an
investment in cryptocurrencies, either directly or by proxy and shareholders
will have no direct access to the Company's holdings. However, the Board of
Directors consider cryptocurrencies to be an appropriate store of value and
potential growth and therefore appropriate for the Company's reserves.
Accordingly, the Company is and intends to continue to be materially exposed
to cryptocurrencies. Such an approach is innovative, and the Board of
Directors wish to be clear and transparent with prospective and actual
investors in the Company on the Company's position in this regard.
The Company is neither authorised nor regulated by the FCA, and the purchase
of certain cryptocurrencies are generally unregulated in the UK. As with most
other investments, the value of cryptocurrencies can go down as well as up,
and therefore the value of the Company's cryptocurrencies holdings can
fluctuate. The Company may not be able to realise its cryptocurrencies
holdings for the same as it paid to acquire them or even for the value the
Company currently ascribes to its cryptocurrencies positions due to market
movements. Neither the Company nor investors in the Company's shares are
protected by the UK's Financial Ombudsman Service or the Financial Services
Compensation Scheme.
Nevertheless, the Board has taken the decision to invest in cryptocurrencies,
and in doing so is mindful of the special risks cryptocurrencies present to
the Company's financial position. These risks include (but are not limited
to): (i) the value of cryptocurrencies can be highly volatile, with value
dropping as quickly as it can rise. Investors in cryptocurrencies must be
prepared to lose all money invested in cryptocurrencies; (ii) the
cryptocurrencies market is largely unregulated. There is a risk of losing
money due to risks such as cyber-attacks, financial crime and counterparty
failure; (iii) the Company may not be able to sell its cryptocurrencies at
will. The ability to sell cryptocurrencies depends on various factors,
including the supply and demand in the market at the relevant time.
Operational failings such as technology outages, cyber-attacks and comingling
of funds could cause unwanted delay; and (iv) cryptoassets are characterised
in some quarters by high degrees of fraud, money laundering and financial
crime. In addition, there is a perception in some quarters that cyber-attacks
are prominent which can lead to theft of holdings or ransom demands.
Prospective investors in the Company are encouraged to do your own research
before investing.
Astrid Intelligence PLC
Director
Olivia Edwards via FSCF
First Sentinel Corporate Finance (FSCF)
Financial Adviser
Brian Stockbridge +44 7858 888 007
OAK Securities
Corporate Broker +44 20 3973 3678 / +44 7432
Jerry Keen / Calvin Man 270007
jerry.keen@oak-securities.com
calvin.man@oak-securities.com
Tancredi Intelligent Communication
Media Relations
Charlie Hobbs +44 7897 557 112
Diana Anikina +44 7861 430 057
astridintelligence@tancredigroup.com
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