Satsuma Technology PLC

No later announcement reports the calendar integration launching; the company later dropped consumer AI products for a crypto pivot.

“With Streaks' development of digital tie-ins including calendar integration, which are expected to release in Q1 2024, Streaks is well positioned to take advantage of the new opportunities ahead and create value for shareholders.”30 Nov 2023 · Half-year Results

Prospectus route replaced by an uplisting process in September 2025; notes were due for conversion or repayment by 31 December 2025, and £78m was due.

“This process, however, will not be completed before 30 September 2025 - the date by which the Company needed to have a prospectus approved for the CLNs to convert automatically into CLN Shares.”25 Sep 2025 · Update on Prospectus and discussions with the FCA “To ensure that the Company has sufficient cash on hand to repay the holders of the convertible loan notes (in accordance with their terms) that have not irrevocably committed to convert into Ordinary Shares on the publication of a prospectus in connection with the Uplisting, the Company has sold 579 of its 1199 Bitcoin to realise net proceeds of approximately £40 million.”11 Dec 2025 · Proposed Board changes and sale of Bitcoin

No uplisting completed; in 2026 shareholders voted to return capital and delist, and the strategy was abandoned.

“Investors should note that while the Company is working diligently to complete the Uplisting, the Uplisting is subject to approval by the FCA of the Company's prospectus and eligibility for admission to the Equity Shares (Commercial Companies) Category of the Official List of the FCA. Therefore, there is no certainty that the Uplisting will proceed or will be completed on or prior to 30 December 2025.”11 Dec 2025 · Proposed Board changes and sale of Bitcoin “In July 2026 an overwhelming majority of shareholders voted for the return of capital and the cancellation of the Company's Listing.”17 Sep 2026 · Final Audited Results