Result of Retail Offer and Notice of GM

On 3 July 2025 Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of both the market-leading cloud native video editing platform, Blackbird, and the multiplayer editor in a browser, elevate.io, announced that it had conditionally raised gross proceeds of approximately £2 million pursuant to a Placing and Subscription and separately launched the Retail Offer to existing shareholders of the Company via the Bookbuild Platform.

The Retail Offer closed at 9.00 a.m. today, and the Directors are pleased to announce that it has raised £129,163.83 (before expenses). Therefore, the Retail Offer will result in the issue of a total of 4,305,461 Retail Offer Shares at the Issue Price, conditionally raising gross proceeds of approximately £0.13 million. As a result, the Company has conditionally raised a total of approximately £2.13 million (before expenses) pursuant to the Fundraising.

Notice of General Meeting and posting of Circular

Completion of the Retail Offer, the Subscription and the Conditional Placing are subject to, inter alia, the passing of a Resolution at a General Meeting of the Company to enable the allotment of new Ordinary Shares pursuant to the Conditional Placing, the Subscription and the Retail Offer.

The Company will today post a circular to shareholders containing details of the Fundraising and incorporating the notice of General Meeting of the Company to be held at 10.00 a.m. on 24 July 2025 (the "Circular"). A copy of the Circular will be available on the Company's website later today at www.blackbird.video/investor-relations/.

Admission to AIM

As announced by the Company on 3 July 2025, the Placing has been carried out in two tranches. Admission of the first tranche (the 38,707,718 Firm Placing Shares) to trading on AIM ("First Admission") is expected to be at 8.00 a.m. on 8 July 2025. On First Admission, the total number of Ordinary Shares and voting rights in the Company will be 425,784,906.

Application will be made to the London Stock Exchange plc for the 4,305,461 Retail Offer Shares, the 4,499,997 Subscription Shares and the 23,458,942 Conditional Placing Shares to be admitted to trading on AIM ("Second Admission"). Subject to the passing of the Resolution, it is expected that Second Admission will become effective and dealings in the 4,305,461 Retail Offer Shares, the 4,499,997 Subscription Shares and the 23,458,942 Conditional Placing Shares will commence on AIM at 8.00 a.m. on 28 July 2025.

Total voting rights

On Second Admission, the Company's issued ordinary share capital will consist of 458,049,306 Ordinary Shares, with one vote per share. The Company does not hold any Ordinary Shares in treasury. Therefore, on Second Admission, the total number of Ordinary Shares and voting rights in the Company will be 458,049,306. With effect from Second Admission, 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the Company's announcements on 3 July 2025.