Completion of transaction and appointment of NED

Summary by AI BETAClose X

Built Cybernetics has completed the acquisition of Ecolibrium and the associated fundraising; Unbound, while holding not less than 5% of the Company’s ordinary shares, retains the right to nominate a non-executive director and has nominated Abhijit Mishra to the Board. Subscription terms for CLAs were amended but the total quantum remains unchanged, with Unbound advancing £350,000 and Greenwave‑FZCO advancing £150,000. These actions finalize acquisition financing and introduce a Unbound-appointed director, which may affect governance and investor control dynamics.

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