Exercise of Warrants
Warrant holder exercises 1.4m warrants at 3p per share, resulting in new share issuance.
- Warrants exercised 1,400,000
- Exercise price per share 3p
- Total issued share capital post-admission 472,299,200 Ordinary Shares
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This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). The Directors of the Company are responsible for this announcement
TAO Alpha PLC
("TAO", "TAO Alpha" or "the Company")
(To be renamed Satsuma Technology PLC)
Exercise of Warrants
The Company announces that it has received notice of exercise of warrants from a warrant holder exercising 1,400,000 warrants over ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 3p per Ordinary Share. As a result, the Company will issue a total of 1,400,000 new Ordinary Shares to the exerciser.
Application will be made for the 1,400,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the London Stock Exchange Main Market ("Admission"). Dealings are expected to commence on or around 15 July 2025.
Following Admission, the Company's total issued and voting share capital will consist of 472,299,200 Ordinary Shares. The Company does not hold any ordinary shares in treasury.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.