Result of ATM - replacement
Raised £467,640 via ATM facility through issue of 9 million shares at 5.20p per share.
- Gross proceeds from ATM issue £467,640
- Average price per ATM Share 5.20p
- Number of ATM Shares issued 9,000,000
- Total raised via ATM facility to date £1,684,295
- ATM facility limit £2,000,000
- Issued ordinary share capital post-admission 449,099,640 shares
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This announcement replaces announcement no.6641S 'Update on ATM Facility' released on 11 February 2026. An amendment has been made to the admission date of the ATM Shares, which will be 17 February 2026.
Medal AI plc
("MedPal AI" or the "Company")
Update on ATM Facility
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 17 February 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.