REG - Cizzle Biotechnology - £250,000 Funding Facility

Cizzle Biotechnology HoldingsAnnouncement

Thu 07:00

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RNS Number : 1443Z  Cizzle Biotechnology Holdings PLC  02 April 2026

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 ("EUWA")) ("UK MAR")

2 April 2026

Cizzle Biotechnology Holdings plc

("Cizzle", "Cizzle Biotechnology", or the "Company")

£250,000 Funding Facility

Cizzle Biotechnology, the UK based diagnostics developer of early cancer
tests, announces that it has entered into a new facility (the "Facility") to
provide the Company with up to £250,000 through the potential issue of
further unsecured convertible loan notes ("Facility Notes") to Frazer Lang
(the "Note Holder"), an existing investor in the Company.

The Facility provides the Company with access to funds to be used if required
to support its future commercial growth strategy.  This is specifically the
commercial launch of the Company's CIZ1B biomarker test in North America to
help in early-stage lung cancer detection, to facilitate the roll out of the
test in the UK and elsewhere in Europe, and to further its collaboration and
clinical evaluations with the Moffitt Cancer Center in Florida, USA.

On 18 May 2025, the Company secured funding of £150,000 through the issue of
convertible loan notes ("Original Notes") to Frazer Lang. This was extended
though the issue of further convertible loan notes ("Additional Notes") of
£250,000 on 5 November 2025, convertible at any time up to 31 March 2026, at
the election of the Note Holder, into new ordinary shares of 0.01p in the
Company ("Ordinary Shares") at a price of 1.4 pence per Ordinary Share.

The Company has now completed the draw down of these funds totalling
£400,000.  At the time of securing the Additional Notes, the Company
announced that prior to 31 March 2026 the Company did not intend to incur any
debt or make any adjustments to its share capital while the Additional Notes
were outstanding. This restriction has now ended.

The Facility Notes, if issued, will be issued as a further extension to the
Company's existing unsecured convertible Original Notes and Additional Notes
and can be drawn down, at the sole election of the Company as to £100,000 on
1 May 2026, £100,000 on 1 June and £50,000 on 1 July 2026. The Original,
Notes, Additional Notes and any Facility Notes will now be convertible at 1.4
pence per Ordinary Share at any time up to 30 October 2026.

Frazer Lang has committed to only redeem the Original, Additional and any
Facility Notes for Ordinary Shares and not seek any cash repayment.  No
interest or fees are payable on the Original, Additional and Facility Notes.

In connection with entering into the Facility, the Company has issued warrants
to Frazer Lang over 10,000,000 Ordinary Shares in the Company at an exercise
price of 2.5p, to be exercised within two years from the date of issue,
bringing his total warrant holding to 22,500,000 warrants.

Commenting, Allan Syms, Executive Chairman of Cizzle Biotechnology, said:

"The Company continues to work closely with our North American licensing
partner Cizzle Bio ("BIO") and to finalise our plans for CLIA accreditation of
our proprietary CIZ1B biomarker test that can help in early lung cancer
detection. Together with BIO, we are preparing the commercial and logistical
programme to launch the test and achieve initial sales. Plans for securing key
partners in the UK and elsewhere in Europe continue to progress. Having the
flexibility to access funds dedicated to support this process, if required,
comes at an important time, ahead of our growth plans for 2026.  We are
grateful for the ongoing support from all our shareholders and in particular I
want to express my appreciation for the continued and significant commitment
we have received from Frazer Lang and his family."

Commenting, Frazer Lang said:

"I remain firmly committed to Cizzle Biotechnology and its mission to
transform the early detection of lung cancer. I strongly believe the CIZ1B
biomarker test has the potential to save many lives by enabling diagnosis at
the earliest possible stage.  With the support of this new £250,000 funding
facility, my total shareholding in the Company would, on full conversion,
increase to approximately 21%.

 

"With multiple significant and transformative developments on the horizon, we
are now on the brink of bringing this life-saving test into clinical use,
where it can start delivering real and meaningful benefits to patients in the
real world."

 

Enquiries:

 

 Cizzle Biotechnology Holdings plc  Via IFC Advisory
 Allan Syms (Executive Chairman)

 

 Allenby Capital Limited                    +44(0) 20 3328 5656
 John Depasquale (Corporate Finance)
 Amrit Nahal (Sales and Corporate Broking)

 

 IFC Advisory Limited  +44(0) 20 3934 6632
 Tim Metcalfe
 Florence Staton

 

About Cizzle Biotechnology

 

The CIZ1B biomarker is a naturally occurring variant of the cell nuclear
protein CIZ1, which is linked with the preservation of epigenetic integrity.
CIZ1B is highly associated with the presence of early-stage lung cancer and
can be measured in small quantities of blood.  The Company has developed
CIZ1B into a non-invasive, cost-effective blood test to help in the early
detection of lung cancer and has now entered commercial royalty-bearing
arrangements to license its proprietary technology, and into collaborations
with centres of excellence in cancer care.  Cizzle was admitted to the
Standard segment of the main market of the London Stock Exchange in May
2021.

 

For more information, please see https://cizzlebiotechnology.com
(https://cizzlebiotechnology.com)

 

You can also follow the Company through its twitter account @CizzlePlc and on
LinkedIn.

 

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