Statement re: £150k ASA investment
Beacon Rise Holdings PLC has entered into advanced subscription agreements to raise approximately £150,000 in gross proceeds, intended for transaction fees related to proposed acquisitions and admission, as well as working capital. This brings the total raised to date in ASA Funds to approximately £350,000, pending completion. Subscribers will receive new ordinary shares at a 10% discount to the issue price of any contemporaneous equity fundraise, or at £1.80 per share if admission has not occurred by August 28, 2026. Some of these agreements are intended to qualify for the Enterprise Investment Scheme.
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Beacon Rise (LSE: BRS), is pleased to announce that the Company has entered into advanced subscription agreements (the "ASAs") with new and existing investors to raise gross proceeds of approximately £150,000 (the "ASA Funds").
To date, the Company has raised total gross proceeds of approximately £350,000 in ASA Funds which are pending completion.
Pursuant to the terms and conditions of the ASAs, the Company has conditionally agreed to issue to the ASA subscribers new ordinary shares of £0.0001 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 subscribers will receive new Ordinary Shares at a price of £1.80 per new Ordinary Share.
Certain of the ASAs are intended to constitute a qualifying advance subscription agreement for the purpose of the Enterprise Investment Scheme (EIS).
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.