Update on ATM Facility
MedPal AI plc has raised an additional £467,640 through its At-The-Market facility by issuing 9,000,000 new ordinary shares at an average price of 5.20p per share, bringing the total raised to £1,684,295 against a £2 million limit. These funds will provide working capital for its online pharmaceutical subsidiary, MedPal Limited, to increase stock, expand product lines, and support marketing for its pharmacy and clinic operations. Admission of the new shares to AIM is expected around 30 January 2026, at which point the company's total issued ordinary share capital will be 449,099,640.
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The Company has raised further gross proceeds of approximately £467,640 via the ATM facility through the issue of 9,000,000 new ordinary shares ("ATM Shares") at an average price of approximately 5.20p per ATM Share. The proceeds of the ATM facility will provide additional working capital for MedPal AI's recently established online pharmaceutical subsidiary, MedPal Limited, to hold greater levels of stock, expand product lines and to undertake marketing campaigns to grow the pharmacy and clinic parts of the business, MedPal Pharmacy and Medpal.clinic.
Following this issue of shares, to date the Company has raised a total of £1,684,295 via the ATM facility, which enables the Company to raise up to £2 million subject to a minimum price per ATM Share of 5p. The announcement of 4 December 2025 can be viewed here irtools.co.uk/90/story/3ba161d5-8560-4c6d-8de9-a40e8eb9f1c1
Admission and Voting Rights
Application has been made for the 9,000,000 ATM Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective and dealings in the ATM Shares are expected to commence on or around 30 January 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 449,099,640 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be . With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The Directors of the Company are responsible for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.