Equity Subscription and Restoration of Trading
Jade Road Investments Limited has successfully completed an equity fundraising, raising gross proceeds of USD 8.35 million (approximately GBP 6.1 million) at USD 1.00 per share, with an additional USD 0.25 million expected shortly. This achievement meets the AIM Rules requirement of raising a minimum of GBP 6.0 million in new equity, leading to the restoration of trading in the Company's shares today. The Company is also pursuing a larger "First Phase Fundraising" of USD 100 million to USD 150 million for investment opportunities, with ongoing discussions for in-kind contributions from holders of late-stage private tech companies, targeting the same USD 1.00 per share issue price. Following the preliminary fundraising, the Company's issued ordinary share capital will comprise 10,760,193 ordinary shares.
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Further to the Company's announcement on 30 January 2026, the board of directors of Jade Road Investments is pleased to confirm the completion of an equity fundraising from independent investors, raising gross proceeds for the Company of USD 8.35 million (approximately GBP 6.1 million) at an issue price of USD 1.00 per share ("Preliminary Fundraising"). A further amount of USD 0.25 million is expected to complete shortly and the Company will update on that in due course.
Consequently, as the Company has met the requirement to raise a minimum of GBP 6.0 million of new equity funds from independent shareholders, pursuant to Rule 8 of the AIM Rules, trading of the Company's shares is to be restored today.
As previously announced, the Company is seeking to raise further material new investment of a minimum of USD 100 million and capped at USD 150 million, comprising cash and/or in-kind investments, in a first phase to pursue investment opportunities in accordance with the Company's investing policy ("First Phase Fundraising").
Discussions with interested parties that are significant holders of late-stage private tech companies are ongoing for in-kind contributions.
Whilst there can be no certainty regarding its completion, this First Phase Fundraising targets to issue shares at the same price as the Preliminary Fundraising of USD 1.00 per share.
The Company will provide a further update regarding the First Phase Fundraising when and if necessary.
Admission and Total Voting Rights
Application will be made to AIM for 8,350,000 new ordinary shares ("Preliminary Fundraising Shares") to be admitted to trading on AIM as well as the 25,000 shares subject to the conversion notice as announced on 23 December 2025. It is expected that dealings in the Preliminary Fundraising Shares and the CLN shares will commence on or around 13 February 2026.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Preliminary Fundraising Shares, its issued ordinary share capital will comprise 10,760,193 ordinary shares. All the ordinary shares have equal voting rights. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.