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Equity Fundraise

In brief · summary, not quotable

Fiinu raises £1.41m through placing of 9.4m shares at 15p per share.

  • Gross proceeds £1,410,000
  • Number of shares issued 9,400,000
  • Issue price per share 15 pence
Full announcement

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Fiinu Plc (AIM: BANK), is pleased to announce that it has entered into subscription agreements to raise gross proceeds of up to £1,410,000 through the issue of 9,400,000 new ordinary shares at 15 pence per share (the "Subscription Shares"). The Subscription Shares will be issued to institutional and other investors, in response to market demand, and the funds raised will be utilised to provide additional working capital.

The Fundraising is subject to the Subscription Shares being admitted to trading on AIM ("Admission"). The Company has the authority to issue and allot the Subscription Shares pursuant to certain existing shareholder authorities granting such powers to the directors at the Company's Annual General Meeting held on 26 June 2025.

A significant portion of the fundraise will be subscribed by QVP, a Luxembourg-based fund, which actively invests in innovative businesses and is dedicated to helping local entrepreneurs both perfect their products and scale up internationally. The fund has built a strong presence, especially in Poland, demonstrating a successful track record of identifying and supporting growth opportunities in key European tech markets.

The issue price of the Subscription Shares represents a 50 per cent. premium to the subscription announced on 6 August 2025, in connection with the reverse takeover of Everfex P.S.A., and mirrors the issue price of the major facility settlement announced on 1 September 2025.

Application will be made for the Subscription Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM. Admission is expected to occur on or around 17 September 2025.

Further announcements will be made as appropriate.

The Directors of the Company are responsible for the release of this announcement

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

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