Exercise of Warrants and Total Voting Rights
Summary by AI BETAClose X
For immediate release
17 February 2026
Sundae Bar Plc
("sundae_bar" or the "Company")
Exercise of Warrants and Total Voting Rights
Sundae Bar Plc (AIM: SBAR), a company creating a unified marketplace for AI Agents, announces that it has received notice of warrant exercise in respect of 250,000 fully paid ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an issue price of 1p per share pursuant to warrant instrument dated 30 November 2023 (the "Warrant Exercise Shares").
Application will be made to the London Stock Exchange for the Warrant Exercise Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the Warrant Exercise Shares will commence at 8.00 a.m. on or around 23 February 2026 (the "Admission"). The Warrant Exercise Shares will be fully paid and when issued will rank pari passu with the existing Ordinary Shares in the Company.
Following the issue of the Warrant Exercise Shares the Company's total issued share capital will consist of 429,990,051 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.
On Admission, the above mentioned figure of 429,990,051 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, sundae_bar under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please visit https://corporate.sundaebar.ai/ or contact:
|
Sundae Bar Plc |
Jill Kenney |
+44 (0) 20 3004 9512 |
|
Beaumont Cornish Limited (Nominated Adviser) |
Roland Cornish & Asia Szusciak |
+44 (0) 20 7628 3369 |
|
Clear Capital Markets Limited (Broker) |
Bob Roberts |
+44 (0) 20 3869 6080 |
|
Yellow Jersey PR Limited (Financial PR)
|
Charles Goodwin & Annabelle Wills |
+44 (0) 20 3004 9512 |
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.
About sundae_bar
Following its successful AIM admission in June 2025, sundae_bar has developed and operates an enterprise platform that links AI agent developers with businesses and users at sundaebar.ai and from which AI agents can be acquired.
The Company is now building a single, continuously improving generalist AI agent which is designed to do "real business work" and which will be made available for businesses once it is ready for commercial deployment.
The generalist AI agent is trained through open, incentivised competition on Bittensor, a decentralised incentive layer that coordinates global contributors to produce intelligence. Performance improvements are measured, benchmarked, and incorporated into one production agent.
sundae_bar was formed through the strategic merger of Ora Technology PLC and Kondor AI PLC, combining enterprise-grade platform infrastructure with deep AI expertise.
For more information, visit sundaebar.ai
About Bittensor
Bittensor is an open-source, decentralised network designed to coordinate and incentivise the creation of digital intelligence through open competition. Its architecture currently supports 128 independently operated subnets, each specialising in a distinct domain of intelligence.
For more information, visit: Bittensor
https://www.youtube.com/watch?v=mJX8DJylCjQ
About Subnet 121
Subnet 121 ("SN121"), operated by sundae_bar (AIM: SBAR), is a decentralised training and evaluation environment on the Bittensor network. SN121 is designed to support the development of a generalist commercial AI agent by enabling global developers to compete against structured, real-world benchmarks, with demonstrated performance improvements incorporated into a continuously evolving agent architecture.
For more information, visit: https://taostats.io/subnets/121/chart
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