Issue of ATM Shares & TVR

Summary by AI BETAClose X

Pri0r1ty issued 24,950,000 ATM shares at £0.0104, raising approximately £259,480 before expenses (net proceeds ~97.5%) to fund repayments of a £1.25m unsecured convertible loan note; the company has repaid £125,000 plus accrued interest to date and states the proceeds should cover at least the next two monthly repayments. Admission of the ATM shares is expected on or around 12 November 2026, after which total issued share capital will be 233,707,171 ordinary shares, increasing share count and potential dilution. Proceeds are also intended to fund operations to extend runway toward cash-flow positivity.

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