REG - Sundae Bar PLC - Admission to AIM and First Day of Dealings

Sundae BarAnnouncement

03/06/2025 07:10

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RNS Number : 0922L  Sundae Bar PLC  03 June 2025

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03 June 2025

Sundae Bar Plc

 

('sundae_bar' or 'the Company')

Admission to AIM and First Day of Dealings

Sundae Bar Plc (AIM: SBAR), a company creating a marketplace for AI Agents, is
pleased to announce the admission of its entire issued ordinary share capital
to trading on the AIM market of the London Stock Exchange ("Admission").
Admission will take place and dealings in the Company's ordinary shares of
0.1p each ("Ordinary Shares") will commence at 08:00 a.m. today under the
ticker "SBAR". The Company's ISIN is GB00BRXKJ754.

In conjunction with Admission, sundae_bar has raised gross proceeds of
£2,000,000, through a placing of 25,000,000 new Ordinary Shares (the
"Placing") at the price of 8 pence per share (the "Placing Price"). The
Company has a total of 411,730,039 shares in issue.

Key Highlights

·    The AI market is booming, and according to Statista Market Insights,
is estimated to grow to $826.7 billion by 2030 (CAGR of 27.67%), whilst the AI
Agents market is expected to grow from £5.1 billion (2024) to $47.1 billion
(2030). There is currently no dominant marketplace player for AI Agents.

·    The sundae_bar platform is intended to streamline the AI ecosystem by
creating a unified marketplace, seamlessly connecting AI agents with
businesses and individuals. The sundae_bar platform will empower developers
with tools to build, scale and monetise agents, whilst giving end users a
trusted space to discover and implement AI solutions, transforming how AI
innovations reach the market.

·    To enable the development of its AI Agent marketplace, earlier this
year the Company acquired Ora Technology Plc ("Ora" and the Company together
with Ora, the "Group") to utilise its enterprise-grade marketplace
infrastructure, which is intended to advance speed to market

·    The sundae_bar platform has been designed to address the growing
demand for scalable, accessible AI solutions while simplifying the end-to-end
process of bringing AI Agents to market.

·    AI agents are software systems or programs capable of autonomously
performing tasks on behalf of a user or another system by designing its
workflow and utilising available tools.

·    The  Company intends to derive revenue via its subscription tiers,
transaction fees and advertising and promotional fees. Initially, the Group
will focus on the AI Agents (sellers) and consumers of AI agents (buyers) to
create a network effect of growth. This structure is expected to allow the
Group to balance growth investments with operational sustainability.

·   sundae_bar has a skilled and varied team to develop, operate and
maintain its software with experience in developing AI-powered products and/or
management of public companies and capital markets.

Jill Kenney, Chief Executive Officer of Sundae Bar, commented: "Today's
admission to AIM marks a major step in sundae_bar's growth journey, allowing
us to accelerate the development and launch of our AI Agent marketplace
platform, sundae_bar. The strong support we've received from investors
reflects the growing recognition of the transformative role AI Agents will
play in the future of businesses and individuals alike. Our platform has been
designed to give developers the tools to scale and monetise their innovations
while providing businesses and individuals with a trusted, streamlined way of
accessing AI solutions.

 

"We're proud to welcome our new shareholders and are committed to delivering
long-term value by scaling a platform that sits at the intersection of two
major trends: AI innovation and marketplace infrastructure. As AI Agents
become increasingly integral to enterprise and consumer applications, we are
strategically positioned to lead this transformation, with the transparency
and governance that comes from being a publicly listed company."

 

A copy of the Admission Document, this announcement and all information
required pursuant to AIM Rule 26 are available at the Company's website:
https://corporate.sundaebar.ai (https://corporate.sundaebar.ai)

 

For further information please contact:

 

 Sundae Bar Plc                 Jill Kenney                            +44 (0) 20 3004 9512
 Beaumont Cornish Limited       Roland Cornish & Asia Szusciak         +44 (0) 20 7628 3369

 (Nominated Adviser)
 Clear Capital Markets Limited  Bob Roberts                            +44 (0) 20 3869 6080

 (Broker)
 Yellow Jersey PR Limited       Charles Goodwin & Annabelle Wills      +44 (0) 20 3004 9512

 (Financial PR)

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

For more information, please visit: sundaebar.ai or corporate.sundaebar.ai
(https://corporate.sundaebar.ai)

 

IMPORTANT NOTICES

The information contained in this announcement is for background purposes only
and does not purport to be full or complete. No reliance may be placed by any
person for any purpose on the information contained in this announcement or
its accuracy, fairness or completeness.

This announcement is for information purposes only and does not constitute an
offer to sell or issue or the solicitation of an offer to buy, acquire or
subscribe for shares in the capital of the Company in Canada, Australia, Japan
or the Republic of South Africa or any other jurisdiction where such offer or
solicitation may be restricted, unlawful or unauthorised. Any failure to
comply with these restrictions may constitute a violation of the securities
laws of such jurisdictions. Subject to certain exemptions, the securities
referred to herein may not be offered or sold in Canada, Australia, Japan, or
the Republic of South Africa or to, or for the account or benefit of any
national resident or citizen of Canada, Australia, Japan, or the Republic of
South Africa.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

This announcement is addressed to and directed only at persons who are (a)
persons in member states of the European Economic Area who are "qualified
investors" within the meaning of Article 2(e) of the EU Prospectus Regulation
(Regulation (EU) No 2017/1129), or (b) persons in the United Kingdom who are
"qualified investors" within the meaning of Article 2(e) of the UK Prospectus
Regulation (Regulation (EU) No. 2017/1129, which is part of UK law by virtue
of the European Union (Withdrawal) Act 2018) (the "UK Prospectus Regulation"),
who (i) have professional experience in matters relating to investments and
fall within the definition of "investment professionals" in Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,
as amended (the "Order"), or (ii) are high net worth companies, unincorporated
associations or partnerships or trustees of high value trusts as described in
article 49(2) of the Order, or (c) persons to whom it may otherwise be lawful
to communicate it (all such persons together being referenced to as "relevant
persons"). Any investment in connection with the Placing will only be
available to, and will only be engaged with, relevant persons. Any person who
is not a relevant person should not act or rely on this announcement or any of
its contents.

Potential investors should not base their financial decision on this
announcement. Acquiring investments to which this announcement relates may
expose an investor to a significant risk of losing all of the amount invested.
Persons considering making investments should consult an authorised person
specialising in advising on such investments. The value of the Ordinary Shares
can decrease as well as increase.

This announcement contains statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements involve known
and unknown risks and uncertainties, many of which are beyond the Group's
control and all of which are based on the Directors' current beliefs and
expectations about future events. In some cases, these forward-looking
statements can be identified by the use of forward-looking terminology,
including, without limitation, the terms "anticipates", "believes", "could",
"envisages", "estimates", "expects", "intends", "may", "plans", "projects",
"should", "will" or, in each case, their negative or other variations or
comparable terminology. These forward-looking statements relate to matters
that are not historical facts. They include statements regarding the
intentions, beliefs and current expectations of the Company or the Directors
concerning, amongst other things, the results of operations, financial
condition, liquidity, prospects, growth and strategies of the Company and the
industry in which the Group operates. 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
actual results, performance or achievements of the Company or developments in
the industry in which the Group operates may differ materially from the future
results, performance or achievements or industry developments expressed or
implied by the forward-looking statements contained in this announcement.

These forward-looking statements and other statements contained in this
announcement regarding matters that are not historical facts involve
predictions. No assurance can be given that such future results will be
achieved; actual events or results may differ materially as a result of risks
and uncertainties facing the Group. Such risks and uncertainties could cause
actual results to vary materially from the future results indicated, expressed
or implied in such forward-looking statements.

Each of the Company, Beaumont Cornish and Clear Capital, and their respective
affiliates, expressly disclaims any obligation or undertaking to update,
review or revise any forward-looking statements contained in this announcement
and disclaims any obligation to update its view of any risks or uncertainties
described herein or to publicly announce the results of any revisions to the
forward-looking statements made in this announcement, whether as a result of
new information, future developments or otherwise, except as required by law.

Nothing contained herein constitutes or should be construed as (i) investment,
tax, financial, accounting or legal advice, (ii) a representation that any
investment or strategy is suitable or appropriate to your individual
circumstances or (iii) a personal recommendation to you.

For the avoidance of doubt, the contents of the Group's website, or any
website directly or indirectly linked to the Group's website, are not
incorporated by reference into, and do not form part of, this announcement.

 

 

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