MyCelx Technologies Corporation (MYX): Liquidity and bridge financing

What is happening

MyCelx Technologies Corporation: Liquidity and bridge financing – CEO bridge loan agreed, up to $500K. ['CEO bridge loan agreed, up to $500K']

In short

Cash fell to c.$0.5m by July 2026 and the company was weighing financing options for Permian equipment manufacture. On 8 Oct 2026 it agreed an unsecured bridge loan of up to $500K from CEO Connie Mixon, after a FY2026 revenue shortfall. The loan is a related party transaction under AIM Rule 13.

Announced

8 Oct 2026 · CEO bridge loan agreed, up to $500K

Size

Up to $500K, drawable in whole or part

Term

9 months

Interest

10%, unsecured

Lender

CEO Connie Mixon (related party, AIM Rule 13)

Board view

Directors excluding Mixon, advised by Cavendish, consider the terms fair and reasonable

What comes next

Drawdown of CEO bridge loan; financing for Permian equipment manufacture.

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