Mollyroe Provides £150,000 CLN to Cascade Studio

Summary by AI BETAClose X

Mollyroe plc has provided Cascade Studio a convertible loan note (CLN) for £150,000. The CLN is secured against Cascade Studio's assets and can be converted at Mollyroe's option at a 20% discount to the valuation of Cascade's next funding round. Mollyroe also has right-of-first-refusal to invest further in Cascade Studio, potentially alongside US and UK institutions and high-net-worth individuals. Cascade Studio is developing a SaaS platform for AI-powered filmmaking and storytelling.

Disclaimer*

Companies

Mollyroe plc (MOY)
UK 100

Latest directors dealings