REG - CYKEL AI PLC - Proposed placing to raise £750,000

Cykel AIAnnouncement

27/05/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250527:nRSa0558Ka&default-theme=true

RNS Number : 0558K  CYKEL AI PLC  27 May 2025

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO
THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR
ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA ("EEA") (OTHER THAN ANY MEMBER
STATE OF THE EEA WHERE SECURITIES MAY BE LAWFULLY MARKETED) OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THE
INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO
ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY
INVESTMENTS IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.

This announcement is not a prospectus and not an offer to sell, or a
solicitation of an offer to subscribe for or to acquire securities. Neither
this announcement nor anything contained herein shall form the basis of, or be
relied upon in connection with, any offer or commitment whatsoever in any
jurisdiction.

27 May 2025

 Cykel AI PLC

 ("Cykel AI" or the "Company")

Intention to Raise £750,000 and Launch Bitcoin Treasury Reserve Strategy
Target Completion Date - 6 June 2025

Cykel AI PLC (LSE: CYK) announces its intention to raise gross proceeds of
£750,000 by way of a placing of new ordinary shares with institutional and
accredited investors (the "Proposed Placing"). The Proposed Placing is
expected to close on 6 June 2025, subject to customary regulatory approvals
and finalisation of definitive documentation and will be priced at the closing
bid price on 6 June. Persons wishing to participate in the Proposed Placing
should contact Clear Capital Markets Limited.

A further announcement confirming the closing of the Proposed Placing and the
number of Placing Shares to be issued pursuant to the Proposed Placing is
expected to be made in due course.

The Placing Shares will be credited as fully paid and will rank pari passu in
all respects with the Company's existing ordinary shares, including the right
to receive all future distributions, declared, paid or made in respect of the
Ordinary Shares from the date of Admission.

It is expected that Admission will become effective, and dealing in the
Placing Shares will commence, at 8.00 a.m. (London time) on or around 16 June
2025.

Use of Proceeds

Net proceeds will be used to fund ongoing operations and initiate the
Company's newly approved Bitcoin ("BTC") Treasury Reserve Strategy, aligning
Cykel AI with the growing cohort of public companies integrating digital
assets into corporate treasury management.

A Bitcoin treasury reserve strategy has already been adopted by several
publicly listed enterprises-including MicroStrategy Inc., Block Inc. (formerly
Square), Tesla Inc. and Canada's Hut 8 Mining-each of which has reported
balance-sheet diversification benefits, headline yield on idle cash, and, in
many cases, heightened market visibility and equity-market outperformance
following their initial allocations. Cykel AI intends to leverage the
risk-management and accounting benchmarks established by these early adopters
while tailoring the programme to the Company's capital-light, high-growth
profile.

Ewan Collinge, CEO & Founder of Cykel AI, commented:
 "Just as our agents represent the future of business operations, this
initiative positions Cykel alongside other forward-thinking public companies
that recognise digital assets as the future of corporate treasury management.
Subject to the successful completion of the Proposed Placing, we plan to make
our initial BTC allocation immediately after closing on 6 June."

This initiative complements Cykel AI's portfolio of autonomous digital
workers-Lucy (recruitment), Samson (research) and Eve (sales)-all powered by
their proprietary TaskOS agent infrastructure.

For further information, please contact:

 Cykel AI plc

 Ewan Collinge        investors@cykel.ai
 First Sentinel (Corporate Adviser)

 Brian Stockbridge    brian@first-sentinel.com (mailto:brian@first-sentinel.com)

  

                      +44 (0) 7858 888 007
 Clear Capital Markets (Broker)
 Bob Roberts          +44 (0) 20 3869 6080

 

About Cykel AI

Cykel AI creates autonomous digital workers that perform complex business
tasks without human supervision. Its expanding portfolio includes Lucy
(recruitment), Samson (research analysis) and Eve (sales), all built on
TaskOS-Cykel's proprietary AI agent infrastructure. Cykel AI's digital workers
operate alongside human teams, enabling businesses of all sizes to transform
their operations at scale.

  (http://www.cykel.ai) www.cykel.ai (http://www.cykel.ai)

 

This Announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "forecasts", "plans", "prepares", "anticipates",
"projects", "expects", "intends", "may", "will", "seeks", "should" or, in each
case, their negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. These forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
Announcement and include statements regarding the Company's and the Directors'
intentions, beliefs or current expectations concerning, amongst other things,
the Company's prospects, growth and strategy, planned work at the Company's
projects and the expected results of such work, mineral grades and mineral
reserve and resource estimates. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Forward-looking
statements are not guarantees of future performance. The Company's actual
performance, achievements and financial condition may differ materially from
those expressed or implied by the forward-looking statements in this
Announcement. In addition, even if the Company's results of operations,
performance, achievements and financial condition are consistent with the
forward-looking statements in this Announcement, those results or developments
may not be indicative of results or developments in subsequent periods. Any
forward-looking statements that the Company makes in this Announcement speak
only as of the date of such statement and (other than in accordance with their
legal or regulatory obligations) neither the Company, nor Clear Capital nor
any of their respective associates, directors, officers or advisers shall be
obliged to update such statements. Comparisons of results for current and any
prior periods are not intended to express any future trends or indications of
future performance, unless expressed as such, and should only be viewed as
historical data.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEGZGZKVFNGKZM