REG - capAI PLC - Delivery of Completion Notice for Creator42

capAIAnnouncement

15/10/2025 07:00

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RNS Number : 3779D  capAI PLC  15 October 2025

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15 October 2025

capAI plc

(the "Company" and, together with its subsidiaries and subsidiary
undertakings, the "Group" or "capAI")

 

Delivery of Completion Notice for Creator42 Licence and Option Agreement

 

capAI (LSE: CPAI) is pleased to confirm that, following the Company's
announcement on 29 August 2025 regarding the execution of the Licence and
Option Agreement ("LOA") for Creator42, R42 Group, LLC ("R42") has now
formally delivered the completion notice to capAI under the LOA ("Completion
Notice").

 

The Completion Notice confirms, in accordance with the terms of the LOA, that
Creator42 has reached minimum viable product ("MVP") readiness and is
functionally complete and ready for commercialisation, albeit not necessarily
final or market-polished. As a result, the 12-month licence period and all
associated rights granted to capAI under the LOA are now effective from 14
October 2025.

 

Management Commentary

 

Richard Edwards, Executive Chairman of capAI, commented:

"Formal delivery of the Completion Notice marks a major milestone in the
evolution of Creator42, moving the platform from active development to
functional completion and readiness for commercialisation, albeit not
necessarily final or market-polished. This represents the culmination of
significant IP and technology development within our alliance with R42."

 

Professor Ronjon Nag, Executive Director of capAI, added:

"This milestone demonstrates the strength of the R42 and capAI collaboration.
With Creator42 now reaching MVP, we have established an operational bridge
from text to video, powered by generative AI."

 

For the purposes of UK MAR, the person responsible for arranging release of
this Announcement on behalf of capAI is Richard Edwards, Executive Chairman.

 

Enquiries

 

Company:

capAI plc hello@capaiplc.com

 

Broker Enquiries:

Peterhouse Capital Limited Tel: +44 (0) 207 469 0930

 

Important Legal Information

 

The information contained in this Announcement is for background purposes only
and does not purport to be full or complete, nor does this Announcement
constitute or form part of any invitation or inducement to engage in
investment activity. No reliance may be placed by any person for any purpose
on the information contained in this Announcement or its accuracy, fairness or
completeness. The contents of this Announcement are not to be construed as
legal, financial or tax advice.

 

This Announcement does not constitute or form part of any offer or invitation
to sell or issue, or any solicitation of any offer to purchase or subscribe
for, any securities, nor shall it (or any part of it), or the fact of its
distribution, form the basis of, or be relied on in connection with, any
contract therefor.

 

This Announcement may include forward-looking statements, which are based on
current expectations and projections about future events, including about the
Group's operations, strategy, financial performance, development milestones,
and the future prospects of its business divisions, including capMedia Inc and
the Creator42 platform. These statements may include, without limitation, any
statements preceded by, followed by or including words such as "target",
"believe", "expect", "aim", "intend", "may", "anticipate", "estimate", "plan",
"project", "will", "can have", "likely", "should", "would", "could" and any
other words and terms of similar meaning or the negative thereof.

 

Forward-looking statements are based on current expectations and are subject
to various risks and uncertainties that could cause actual outcomes to differ
materially. These risks include, but are not limited to: successful execution
of definitive agreements; regulatory approvals; development timelines; market
acceptance; technological shifts; and broader economic conditions. No
representation or warranty is made or will be made that any forward-looking
statement will come to pass, and no assurance can be given that any
forward-looking statement will prove accurate. Except as required by law,
capAI undertakes no obligation to revise or update any forward-looking
statement. The forward-looking statements in this Announcement speak only as
at the date of this Announcement.

 

 

 

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