Expression of interest in funding and update
Insig AI plc has announced an expression of interest in funding from its Chief Executive, Richard Bernstein, who proposes to invest £250,000 at 15 pence per share, a premium to the current 11.75 pence share price, with an additional call option for up to £250,000 at 18 pence per share. The company forecasts FY27 revenue to more than double FY26's to approximately £1.65 million, expecting to achieve operating profitability. Insig AI is also assessing a potential dual listing on NASDAQ to capitalize on digital asset investment opportunities.
Select text to share a quote on X · sign in to keep highlights & notes in your INSG notes
Insig AI plc (AIM: INSG), a leading provider of AI-led data infrastructure and machine learning solutions, has received an expression of interest in funding from its Chief Executive, Richard Bernstein.
The Board continues to forecast an acceleration of sales growth for FY27, with revenue expecting to more than double that achieved during FY26, to approximately £1.65m. At such levels, the Company is expecting to achieve operating profitability. As well as utilising the value of the Company's proprietary datasets, such as our central bank and corporate reporting repositories, the business is ideally placed to provide customers enterprise solutions over data sets and models whilst connected to Large Language Models. Safety, security and control over compute in an efficient and cost effective manner is become a critical business requirement.
Good progress has been made regarding the Company's digital asset investments proposition. The Board continues to assess a potential dual listing on NASDAQ, alongside its existing quotation on AIM, to fully capitalise on investment opportunities within digital assets. Further announcements will be made in due course.
The Board notes that many US investors are investing heavily in the AI space. Richard Bernstein has approached the Board with an offer to invest £250,000 at 15 pence per share, being a substantial premium to Insig AI's current share price of 11.75 pence as at close on 6 July 2026. Alongside this offer, Richard Bernstein has proposed an equity funding 'call option' to invest up to an additional £250,000 at 18 pence per share, exercisable from within six months of his proposed £250,000 investment at 15 pence per share. The Board is evaluating these proposals and will make a further announcement in due course.
Richard Bernstein, Chief Executive of Insig AI, commented:
"We have multiple opportunities. I am very keen to ensure that the Company fully capitalises on them and have therefore expressed an interest in making a significant equity investment at a very substantial premium to the current share price."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.