Q-Bot Limited Fundraising

EMV Capital plc (AIM: EMVC), the deeptech and life sciences VC investment group, announces that its portfolio company Q-Bot Limited (Q-Bot), the commercial stage robotics company developing solutions for the built environment, has successfully closed an initial tranche of c.£350,000 of its equity fundraising programme of up to £1 million, alongside the conversion of c.£865,000 of outstanding convertible loans and associated interest (Fundraising).

The Fundraising has been led and syndicated by EMV Capital Partners Limited (EMV Capital Partners), the Company's wholly owned venture capital and corporate finance firm. The first closing of the Fundraising primarily represents investment from Q-Bot's existing loyal shareholder base, with further funding anticipated from new and existing investors as the Fundraising continues with further closings. The proceeds from the Fundraising will provide Q-Bot with the capital to continue the execution of its growth strategy following its recent transition to a lean technology business.

In connection with the Fundraising, EMVC exercised its right to convert a convertible loan (and accrued interest thereon), announced on 31 December 2024, at a conversion price per Q-Bot share at a 70 per cent. discount to the Fundraising issue price, thereby protecting EMVC's existing shareholding stake in Q-Bot.

Following completion of the Fundraising and anticipated full conversion of the convertible loan, the Group's total equity holding in Q-Bot will be 30.2 per cent of the issued share capital, which equates to a post-investment fair value of £1.4 million. This represents a c.71 per cent. increase compared to the fair value amount of £0.8 million at 31 December 2024.

In addition, following the introduction of additional investors to Q-Bot by EMV Capital Partners, the Group's third party assets under management with Q-Bot is 45.3 per cent. of the issued share capital, which equates to a post-investment fair value of c.£2.1 million. This represents a c.16 per cent. increase compared to the fair value amount of £1.8 million at 31 December 2024.

Dr Ilian Iliev, CEO of EMV Capital and Investor Director of Q-Bot, commented:

"We are pleased to see this important first closing of Q-Bot's fundraising programme, and to have increased our interest in this exciting business through our capital efficient convertible loans. After a challenging period, we believe Q-Bot is now well-positioned to move towards profitability with a strong team, a robust partner network and pipeline, a well-evolved product offering with a proven application, and a refreshed, lean operating model."

Q-Bot is focused on generating robot-as-a-service income by leveraging its strong IP, substantial fleet of robots and associated equipment. With more than 5,000 instals, Q-Bot has developed a unique market position in automating retrofit underfloor insulation. Q-Bot targets income growth and a route to profitability through contracts with its existing network of UK and international installation partners and a strong pipeline of new potential partners and projects.