Fundraising & Director Holdings
SEED Innovations Limited has conditionally raised approximately £2.5 million through a placing and subscription of new ordinary shares at 2.4 pence per share, with a further retail offer aiming to raise an additional £150,000. The net proceeds will be used to accelerate investments in physical AI and robotics opportunities and support existing portfolio companies. Directors Jim Mellon and Sir James Bucknall participated in the subscription, investing an aggregate of £927,999.98. Admission of the new shares to AIM is expected around October 6, 2026.
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SEED Innovations Limited (AIM: SEED), the investing company focused on early-stage physical AI and robotics, is pleased to announce that it has conditionally raised gross proceeds of approximately £2.5 million through a placing (the "Placing") and subscription (the "Subscription") of 104,866,659 new ordinary shares of £0.01 (one penny each) in the Company ("Ordinary Shares") at an issue price of 2.4 pence per share (the "Issue Price").
The Company is also launching a separate retail offer of new Ordinary Shares (the "Retail Offer Shares") at the Issue Price to raise further gross proceeds of approximately £150,000 via the Winterflood Retail Access Platform ("WRAP") (the "Retail Offer"). The Retail Offer will provide existing and new retail shareholders in the United Kingdom with an opportunity to participate at the same Issue Price as the Placing and Subscription. The Capital Access Window shall remain in place until the conclusion of the Retail Offer.
The Placing Shares, Subscription Shares and Retail Offer Shares are together referred to as the "New Ordinary Shares", and the Placing, Subscription and Retail Offer together as the "Fundraising".
Completion of the Retail Offer is conditional, inter alia, upon completion of the Placing and Subscription. Completion of the Placing and Subscription is not conditional upon completion of the Retail Offer. For the avoidance of doubt, the Retail Offer forms no part of the Placing or Subscription.
A separate announcement regarding the Retail Offer and its terms is being released by the Company today.
Fundraising Highlights
The Company has conditionally raised approximately £2.5 million (before expenses) through the issue of 104,866,659 new Ordinary Shares at an Issue Price of 2.4 pence per share
The Company is also launching a separate Retail Offer through WRAP to raise further gross proceeds of up to £150,000 at the Issue Price.
Jim Mellon, Non-Executive Chair, and Sir James Bucknall, Independent Director, have subscribed for £927,999.98 in aggregate.
The net proceeds of the Fundraising will primarily be used to accelerate investment into further physical AI and robotics opportunities and provide capacity for follow-on investment in selected existing portfolio companies.
The Placing and Subscription remain conditional, inter alia, only upon Admission of the Placing Shares and Subscription Shares becoming effective.
Jim Mellon, Non-Executive Chair of SEED Innovations, commented: “Physical AI and robotics are developing at extraordinary speed as advances in AI expand both what robots can do and the markets they can address. We are still at an early stage, but I believe the investment opportunity is substantial. We have already made three investments and are seeing a strong and growing pipeline of opportunities. This additional capital will allow us to move more quickly and build a portfolio of companies that we believe can create significant long-term value for shareholders.”
Background to and reasons for the Fundraising
The Board adopted a new investing strategy in 2025 focused on physical AI and robotics companies. The Board believes the timing is favourable, with rapid advances in AI expanding both the capabilities of robots and the range of tasks they can perform across industries including agriculture, construction, manufacturing and logistics, while falling hardware costs are making commercial deployment increasingly viable.
Since adopting the strategy, SEED has completed three investments in the sector: Feather Robotics, Fieldwork Robotics and Cosmic Robotics. Each has continued to make progress since SEED's investment, while the Company is seeing a growing pipeline of potential opportunities, reinforcing the Board's confidence in the strategy.
Against this backdrop, SEED has undertaken the Fundraising to increase the pace of investment, pursue further opportunities in the sector and provide capacity for follow-on investment in selected existing portfolio companies.
Details of the Fundraising
The Company has conditionally raised approximately £2.5 million (before expenses) through the issue of 104,866,659 new Ordinary Shares at the Issue Price pursuant to the Placing and Subscription.
The Placing Shares have been conditionally placed by Shard Capital Partners LLP (acting as settlement agent) in conjunction with Cavendish Capital Markets Limited, with new and existing institutional investors, while Jim Mellon and Sir James Bucknall and other investors introduced by the Chair have conditionally agreed to subscribe for Subscription Shares at the Issue Price.
The Placing and Subscription are conditional, inter alia, upon Admission becoming effective by no later than 6 October 2026.
In addition, the Company is launching a separate Retail Offer through the Winterflood Retail Access Platform ("WRAP"), providing existing retail shareholders in the United Kingdom with an opportunity to subscribe for new Ordinary Shares at the Issue Price. The Retail Offer will comprise of Retail Offer Shares and is expected to raise gross proceeds of approximately £150,000. Further details of the Retail Offer and its terms are set out in a separate announcement being released by the Company today.
Use of Proceeds
The net proceeds of the Fundraising will primarily be used to accelerate the deployment of capital into new physical AI and robotics investments and to provide capacity for follow-on investment in selected existing portfolio companies. A proportion will also be retained for general working capital purposes.
Directors' participation in the Subscription
The following Directors have conditionally agreed to subscribe for Subscription Shares at the Issue Price:
| Director | Existing Ordinary Shares | Subscription Shares | Value of Subscription | Resulting holding | % on Admission |
|---|---|---|---|---|---|
| Jim Mellon* | 43,915,169 | 37,625,000 | £903,000.00 | 81,540,169 | 27.85% |
| Sir James Bucknall | 0 | 1,041,666 | £24,999.98 | 1,041,666 | 0.36% |
| Total | 38,666,666 | £927,999.98 | 82,581,835 | 28.21% |
*via Galloway Limited
Admission
Application will be made to the London Stock Exchange plc for the Placing Shares and Subscription Shares to be admitted to trading on AIM ("Admission") following the conclusion of the Retail Offer.
It is expected that Admission will become effective and dealings in the Placing Shares and Subscription Shares will commence at 8.00 a.m. on or around 6 October 2026, subject to the suspension in trading in the Company's Ordinary Shares having been lifted.
The New Ordinary Shares will, when issued, be fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
The number of Retail Offer Shares to be issued will be determined following the close of the Retail Offer. The Company will announce the results of the Retail Offer, together with details of the resulting issued share capital and total voting rights, following its completion.
Nominated Adviser statement
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