Issue of Equity

In brief · summary, not quotable

Aterian Plc has issued 231,256 new ordinary shares following warrant exercises at 32.5 pence per share, raising capital and increasing its enlarged issued share capital to 15,933,800 Ordinary Shares. These new shares will be admitted to the Official List and trading on the London Stock Exchange around November 21, 2025, and will rank equally with existing shares. This total figure of 15,933,800 Ordinary Shares represents the company's total voting rights and should be used by shareholders for notification purposes under FCA rules.

Full announcement

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Aterian Plc (LSE: ATN), the Africa-focused critical minerals exploration and development company, announces that on the 17 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 231,256 new ordinary shares ("Shares").

Accordingly, the Company has issued 231,256 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 21 November 2025.

Following the issue of the Shares, the Company's enlarged issued share capital will comprise 15,933,800 Ordinary Shares. This figure of 15,933,800 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.