Issue of Equity
Gfinity PLC has successfully raised £250,000 through a company-arranged subscription at 0.035p per new Ordinary Share, representing a 30 percent discount to the previous day's closing price. The funds will be allocated to accelerate the commercialisation of Connected IQ, including platform enhancements and agency business development, with the remainder serving as general working capital to support ongoing overheads and growth targets. This issuance of 714,285,714 new Ordinary Shares brings the total issued share capital to 5,936,308,108 Ordinary Shares.
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This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Gfinity PLC or other evaluation of any securities of Gfinity PLC or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.
Gfinity PLC
("Gfinity" or the "Company")
Issue of equity
The Board of Gfinity plc (AIM: GFIN) is pleased to announce that the Company has today, conditional on Admission, raised £250,000 through a Company arranged subscription ("Subscription") at a price of 0.035p per new Ordinary Share (the "Issue Price").
David Halley, CEO of Gfinity, commented:
"Proceeds from this fundraise will be used to accelerate the commercialisation of Connected IQ and extend the Company's operational runway.
The funds will support the scaling of Connected IQ, including agency business development, platform enhancements - such as the AI agentic media planning tool and self-serve interface - and white-label licensing partnerships that offer a capital-light route to broader market penetration.
The remainder will provide general working capital to support the Group's ongoing overhead as it executes against its growth targets."
Fundraising
The Company has today raised £250,000 (before expenses) through a direct Subscription, conditional on admission, at the Issue Price. The Subscription Shares will, when issued, rank pari passu in all respects with the existing ordinary shares. CMC Markets UK Plc trading as CMC CapX, acted as the Company's placing agent in respect of the placing.
The Issue Price represents a discount of 30 percent to the closing mid-market price per share of 0.05p on 16 June 2026 (being the last practicable date prior to the announcement of the Subscription). The Company will issue new 714,285,714 Ordinary Shares ("Subscription Shares") pursuant to the Subscription, which has been arranged within the Company's remaining share authorities.
The proceeds (before expenses) from the Subscription, amounting to £250,000, will be used to continue the ongoing commercialisation of CIQ, new business opportunities and provide general working capital.
The Subscription Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made for admission to trading on AIM of the Subscription Shares and which is expected to take place on or around 23 June 2026.
Current trading
Gfinity's Digital Media division had a steady quarter ended 31 March ("Q1 FY26"), maintaining the progress achieved last year, in what is typically the toughest quarter of the year for digital media. The team have a clear product development pipeline to take advantage of opportunities in the gaming industry for the second half.
Connected IQ was strengthened through the addition of a dedicated commercial function during Q4 FY25 and Q1 FY26, resulting in a robust pipeline of opportunities across advertising agencies and global brands. In 2026, revenue has been recognised from Iris, the Company's US data partner, and UK revenue is expected to follow in June 2026, providing further validation of the business model.
Yentra.AI continues to develop its AI infrastructure layer, enabling organisations to integrate artificial intelligence directly into their workflows and teams. The division has completed a full minimum viable product and has executed a Memorandum of Understanding with a UK-based university to pilot the product within its Business School, marking a significant step towards commercial deployment.
Total Voting Rights
Following the issue of the New Shares, the Company's issued share capital consists of 5,936,308,108 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation 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 Financial Conduct Authority's Disclosure and Transparency Rules.
Other Information
A copy of this announcement is available at the Company's website: www.gfinityplc.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.