IQ-AI Limited - Issue of Equity
("IQ-AI" or the "Company")
Issue of Equity
IQ-AI is pleased to announce that due to demand from both new and existing investors,
The Placing Price represents a 4% discount to the Volume Weighted Average Price (VWAP) over the ten trading days prior to completion of the Placing. The funds raised pursuant to the Placing will be used for the Company's general working capital.
It is expected that the Placing Shares will commence trading at
Following completion of the Placing, the Company's issued share capital will consist of 139,830,982 ordinary shares of 1 penny each. This figure 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 in their interest in, the share capital of the Company under the
The Directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:
Tel: 020 7469 0930
Tel: 020 7220 9797
About IQ-AI Ltd
Please visit www.imagingbiometrics.com for further information.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a
This information is provided by RNS, the news service of the
Quick facts: IQ-AI Limited
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