Oxford Biodynamics (OBD): Funding requirement by late August
This situation live
OBD Oxford Biodynamics
30 Jun 2026 · Funding route under discussion · +15% until the next step
Cash at 31 May 2026 of £1.38m, requirement for additional funds by late August 2026
1 Oct 2026 · Placing completed; £250,000 still outstanding · +0% since
Accordingly, the Company, Singer Capital Markets and Merlin Partners LLP, who are parties to the Placing Agreement, have, at the request of Vulpes, today agreed to extend the time period under the Pla
Funding requirement by late August
Placing completed; £250,000 still outstanding
OCT30
Next: Vulpes to pay outstanding £250,000 placing balance in 5 days
Every step · 2
- 30 Jun 2026 Funding route under discussion – Cash at 31 May 2026 of £1.38m, requirement for additional funds by late August 2026 ↗
- 1 Oct 2026 Placing completed; £250,000 still outstanding – Accordingly, the Company, Singer Capital Markets and Merlin Partners LLP, who are parties to the Placing Agreement, have, at the request of Vulpes, today... ↗
What is happening
Oxford Biodynamics: Funding requirement by late August – Placing completed; £250,000 still outstanding. ['Placing completed; £250,000 still outstanding']
- In short
- The company said on 30 June 2026 that it needed new funds by late August, with cash of £1.38m at 31 May and no non-dilutive deal. It announced a £9.15m placing on 10 August; shareholders approved it on 26 August and the shares were admitted on 27 August. Only Vulpes' £250,000 balance is outstanding, now due by 30 October.
- Announced
- 30 Jun 2026 · Funding route under discussion
- Latest
- 1 Oct 2026 · Placing completed; £250,000 still outstanding
- Size
- £9.15m placing of 9,150,000,000 new shares
- Price
- £0.001 per Placing Share
- Admission
- Placing Shares admitted to AIM on 27 August 2026 after approval at the 26 August meeting
- Outstanding
- £250,000 of Vulpes' £500,000 commitment is unpaid
- Next milestone
- Payment deadline extended to 30 October 2026
- Related party
- Director Martin Diggle co-founded Vulpes; independent directors consider the extension fair and reasonable
What comes next
Vulpes to pay outstanding £250,000 placing balance (30 Oct 2026).
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