Issue of Equity

In brief · summary, not quotable

Aterian Plc announced the issuance of 114,000 new ordinary shares following warrant exercises at a price of 32.5 pence per share. These new shares will rank equally with existing shares, and an application will be made for their admission to the London Stock Exchange, expected around November 19, 2025. Following this issuance, the Company's total issued share capital will be 15,702,544 Ordinary Shares, which shareholders should use as the denominator for calculating their notification obligations under the FCA's Disclosure Guidance & Transparency Rules.

Full announcement

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Aterian Plc (LSE: ATN), the Africa-focused critical minerals exploration and development company, announces that on the 7 November 2025 the Company received exercise notices from warrant holders electing to exercise their warrants and issue shares based on a 32.5 pence per share price for 114,000 new ordinary shares ("Shares").

Accordingly the Company has issued 114,000 Shares to the warrant holders and the Shares will rank pari passu in all respects with the existing ordinary shares of the Company. An application will be made for the Shares to be admitted to the Official List and to trading on the London Stock Exchange, with admission expected to occur on or around 19 November 2025.

Following the issue of the Shares, the Company's enlarged issued share capital will comprise 15,702,544 Ordinary Shares. This figure of 15,702,544 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance & Transparency Rules.

For further information, please visit the Company's website: www.aterianplc.com or contact:

Aterian Plc:

Charles Bray, Executive Chairman - charles.bray@aterianplc.com

Simon Rollason, Director - simon.rollason@aterianplc.com

Financial Adviser and Joint Broker:

AlbR Capital Limited

David Coffman

Colin Rowbury

Joint Broker:

SP Angel Corporate Finance LLP

Ewan Leggat / Adam Cowl

Financial PR:

Bald Voodoo - ben@baldvoodoo.com

Ben Kilbey

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.