REG - CYKEL AI PLC - Results of Capital Raise

Cykel AIAnnouncement

09/06/2025 18:00

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RNS Number : 0835M  CYKEL AI PLC  09 June 2025

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9 June 2025

 Cykel AI PLC

 ("Cykel AI" or the "Company")

Results of Capital Raise

Cykel AI PLC (LSE: CYK) is pleased to announce the successful completion of
the Proposed Placing, as announced on 27 May 2025.

A total of 32,609,000 new ordinary shares in the capital of the Company (the
"Placing Shares") were placed with investors by Clear Capital Markets Limited,
raising gross proceeds of approximately £750,007 (before expenses).

The Placing Shares have been issued at a price of 2.3 pence per Placing Share
(the "Placing Price"), being the closing bid price on 6 June 2025.

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.

Total Voting Rights:

Application will be made to the Financial Conduct Authority ("FCA") for
admission of the Placing Shares to the Equity shares (transition) category of
the Official List and to the London Stock Exchange (the "LSE") for admission
to trading of the Placing Shares on the LSE's Main Market for listed
securities (together "Admission"). It is expected that Admission will take
place at or around 8.00 a.m. on or around 17 June 2025.

Following Admission, the Company confirms that its total issued share capital
will consist of 490,535,576 Ordinary Shares, with one voting right per
Ordinary Share. The Company does not hold any Ordinary Shares in treasury.
This figure may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change in their interest in, the share capital of the
Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Use of Proceeds

Net proceeds will be used to fund ongoing operations and initiate the
Company's newly approved Bitcoin ("BTC") Treasury Reserve Strategy.

Ewan Collinge, CEO & Founder of Cykel AI, commented:
 "This placing comes at an exciting time as our digital worker business gains
commercial momentum. We're executing on multiple fronts - building
market-leading AI agents and pioneering modern treasury management on the LSE.
I look forward to deploying these funds to launch the first phase of our
Bitcoin Treasury Reserve Strategy, which we expect to develop further over the
coming years."

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.

Capitalised terms used but not defined in this announcement shall have the
meanings given to them in the announcement published on 27 May 2025.

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.

 

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