Further £150,000 provided to Cascade

Summary by AI BETAClose X

Mollyroe plc has provided an additional £150,000 to Cascade Studio LLC via convertible loan notes, bringing the total investment to £300,000 on the same terms. These notes are convertible at Mollyroe's discretion at a 20% discount to the next funding round's valuation and are secured against Cascade's assets. Mollyroe retains a right-of-first-refusal to invest further in Cascade, which is developing a SaaS content creation platform for AI-powered filmmaking and storytelling and has attracted interest from US and UK institutions.

Disclaimer*

Companies

Mollyroe plc (MOY)
UK 100

Latest directors dealings