£50k Advanced Subscription Agreement
Beacon Rise Holdings PLC has entered into an advanced subscription agreement to raise approximately £50,000 in gross proceeds, intended for transaction fees related to proposed acquisitions and admission, as well as working capital. The agreement stipulates that new ordinary shares will be issued at a 10% discount to the issue price of any shares raised contemporaneously with admission, or at £1.80 per share if admission has not occurred by August 28, 2026. The issuance of these new shares is conditional upon the company obtaining the necessary authorities.
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Beacon Rise (LSE: BRS), is pleased to announce that the Company has entered into an advanced subscription agreement (the "ASA") with a new investor to raise gross proceeds of approximately £50,000 (the "ASA Funds").
It is intended that the net proceeds raised will be used towards a portion of the transaction fees associated with the Proposed Acquisitions, Admission as well as meeting the Company's working capital commitments.
Pursuant to the terms and conditions of the ASA, the Company has conditionally agreed to issue to the ASA subscriber new ordinary shares of £1 each in the Company ("Ordinary Shares") at a 10 per cent. discount to the issue price of any new Ordinary Shares issued pursuant to any equity fundraise that takes place contemporaneously with Admission. If Admission has not occurred by 28 August 2026, the ASA subscriber will receive new Ordinary Shares at a price of £1.80 pence per new Ordinary Share.
The issuance of the new Ordinary Shares is conditional, inter alia, upon the Company obtaining the requisite authorities to issue the new Ordinary Shares. The Company will provide a further update as appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.