REG - Blackbird PLC - Subscription to raise £500,000

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RNS Number : 0034M  Blackbird PLC  18 December 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)) ("UK MAR"). IN ADDITION,
MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF
THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN
PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE
PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN
POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.

 

18 December 2025

 

Blackbird plc
(the "Company")
Subscription to raise £500,000

Total voting rights

Blackbird plc (AIM: BIRD), the developer of the browser-based collaborative
video editor elevate.io, announces a subscription for 22,222,222 new ordinary
shares of 0.8 pence each (the "Subscription Shares") at a price of 2.25 pence
per Subscription Share (the "Issue Price") to raise approximately £500,000
(before expenses) (the "Subscription").

The net proceeds of the Subscription, which will be approximately £470,000,
will be used to strengthen the Company's balance sheet, allowing it to step up
its marketing activities for elevate.io and for general working capital
purposes.

Blackbird Executive Chair Ian McDonough commented:

"I am delighted with the progress that we have made with elevate.io since
September. Through a series of events and webinars we have been actively
engaging with marketing teams and creators, our ideal customer profiles
(ICPs).  This has enabled us to find out about their detailed workflows and
requirements. Both groups have been impressed with the significant time
savings that elevate.io brings them through its flexibility and collaborative
nature. Simultaneously, we have been continuously enhancing the elevate.io
platform by adding features and functionality at pace, making it more useful
for our customer base.

"The Company will always take a responsible approach to managing its capital
requirements and we want to be on the front foot as we end the year. As we
move towards the end of elevate.io's product market fit phase, these
additional funds will strengthen the Company's balance sheet allowing us to
step up our marketing activity with the aim of proving our 'revenue engine'
ahead of scale up.

"We have the technology and the team to address a massive market opportunity
for elevate.io and are executing against our plan to achieve this."

Background to and reasons for the Subscription

Since raising funding earlier this year the Company has made strong progress
during the product market fit phase of its elevate.io product. This progress
has included:

·    adding additional features such as: integrated live review, a
text-to-speech AI-powered tool; AI image generation; digital asset management
functionality; additional timeline items (such as video thumbnails); and an
enhanced suite of looks and effects;

·    adding a token system to the elevate.io platform to allow users to
redeem tokens for services. As previously announced, these enhance the users'
experience, encourage further usage of the platform and help with retention
and conversion of users from free to paid users. This also opens up the
opportunity for additional future revenue streams for the Company;

·    attendance at multiple events, such as Creator Fest, Ideas Fest and
Marketing Showcase, to seed elevate.io to potential customers and understand
their use cases and requirements;

·    hosting a series of webinars, including with Enterprise Nation, the
New York Chamber of Commerce and Barclays Eagle Eye, to spread awareness of
elevate.io to potential customers; and

·    appointing former Adobe product lead, Bill Roberts, as a Strategic
Adviser to the Company.

The Company is undertaking the Subscription to provide additional funds to
strengthen its balance sheet which will allow it to step up its marketing
activity as it heads towards the end of its product market fit phase.

Details of the Subscription

The Company has raised gross proceeds of approximately £500,000 pursuant to
the Subscription. The Subscription will result in the issue of 22,222,222
Subscription Shares at the Issue Price representing, in aggregate, 4.85 per
cent. of the existing issued ordinary share capital of the Company. The
Subscription Shares have been subscribed for by an existing shareholder of the
Company and have been issued utilising the Company's existing share
authorities. The Issue Price represents a discount of approximately 22.41% to
the closing mid-market price of 2.90p per share on 17 December 2025.

The Subscription Shares, when issued, will be fully paid and will rank pari
passu in all respects with the existing ordinary shares of 0.8 pence each (the
"Ordinary Shares"), including the right to receive all dividends and other
distributions declared, made or paid after the date of issue.

Settlement for the Subscription Shares is expected to take place at 8.00 a.m.
on 19 January 2026.

Admission to trading and total voting rights

Application has been made for the Subscription Shares to be admitted to
trading on the AIM ("Admission"). It is anticipated that Admission will occur
and dealings will commence in the Subscription Shares at 8:00 a.m. on 19
January 2026.

Following Admission, and for the purposes of the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules, the Company's total issued share
capital will consist of 480,271,528 Ordinary Shares. The above figure may be
used by shareholders as the denominator 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 Disclosure Guidance and
Transparency Rules.

Contacts:

Blackbird plc
 
Tel: +44 (0)20 8879 7245

Ian McDonough, Chief Executive Officer

Stephen White, Chief Operating and Financial Officer

 

Allenby Capital Limited (Nominated Adviser and Broker)  Tel: +44 (0)20 3328
5656

Nick Naylor / Piers Shimwell (Corporate Finance)

Amrit Nahal / Kelly Gardiner (Equity Sales and Corporate Broking)

 

About Blackbird plc

Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and
content creation markets.  Blackbird plc's patented technology allows for
frame accurate navigation, playback, viewing, editing and reviewing in the
cloud and it has two products.

Blackbird(Ⓡ) a market leading suite of cloud-native computing applications,
is used by rights holders, broadcasters, sports and news video specialists,
live events and content owners, post production houses, other mass market
digital video channels and corporations.

elevate.io is the company's new browser-based collaborative content creation
platform currently in general release. elevate.io (http://elevate.io/) is
built using Blackbird's core technology and is aimed at professional teams and
the fast growing Creator Economy.

Blackbird plc also licences its core video technology, under its 'Powered by
Blackbird' licensing model, enabling video companies to accelerate their path
to true cloud business models.

www.blackbirdplc.com

www.elevate.io (http://www.elevate.io)

www.blackbird.video (http://www.blackbird.video)

www.linkedin.com/company/blackbird-cloud
(http://www.linkedin.com/company/blackbird-cloud)

www.twitter.com/blackbirdcloud (http://www.twitter.com/blackbirdcloud)

www.facebook.com/blackbirdplc (http://www.facebook.com/blackbirdplc)

www.youtube.com/c/blackbirdcloud (http://www.youtube.com/c/blackbirdcloud)

 

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