Genip

GNIP · AIM · Technology · mcap £0.7m · 2.7p 1 open situation →

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2026 Tekcapital convertible loan note Placing of 20% of the market value Placing of 14% of the market value

Open · 1

Balance-sheet stress / refinancing

Tekcapital convertible loan note

Loan note entered 2 Nov 2026

On 2 Nov 2026 GenIP entered a US$200,000 convertible loan note with Tekcapital Europe, a subsidiary of its largest shareholder, about 23% of its market capitalisation. Proceeds fund the rollout of the new subscription-based SaaS platform. Conversion at the prevailing market price is capped by Rule 9, as the Tekcapital concert party holds about 48.95%.

Size: US$200,000, about 23% of current market capitalisation 2 Nov 2026 ↗
Terms: Four-year term, 10% annual interest accruing and compounding, unsecured 2 Nov 2026 ↗
Conversion price: Closing mid-market price on the trading day before conversion 2 Nov 2026 ↗
Rule 9 limit: Tekcapital concert party holds about 48.95%; conversion only if no mandatory offer is triggered 2 Nov 2026 ↗
Use of money: Commercial rollout of the new subscription-based SaaS platform and growth strategy 2 Nov 2026 ↗
Related party: AIM Rule 13 transaction; Lord David Willetts, a Tekcapital plc non-executive director, excluded from the board view 2 Nov 2026 ↗

Next: Any conversion, limited by Takeover Code Rule 9

2 Nov 2026 Loan note entered 2 Nov 2026

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Closed · 2

Dilutive fundraisePlacing of 20% of the market value went quiet · 1 May 2026 – 31 May 2026 −76% Dilutive fundraisePlacing of 14% of the market value went quiet · 4 Dec 2025 – 3 Jan 2026 −72%

Company filings. Not investment advice.