Substrate AI-Class B - Fundraise and Capital Increase
Announcement provided by
Substrate Artificial Inteligence S.A. Class B · SAI.B11/07/2024 16:40
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
11 July 2024
SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA
("Substrate AI" or the "Company")
Fundraise and Capital Increase
Substrate AI (AQUIS: SAI/SAI.B) is pleased to announce that it has raised gross proceeds of
In addition, the Company announces that it has raised gross proceeds of
Of the total of the Company's new Class A Shares:
- 2,620,545 New Shares are issued to INDICO at an issue price of €0.1908 per share (
- 2,893,519 New Shares are issued to INDICO at an issue price of
- 3,276,540 New Shares are issued to INDICO at an issue price of
- 6,988,120 New Shares are issued TO UNITED at an issue price of
Following these investments, the Company's share capital will increase by a total nominal amount of
Once the deed of capital increase by conversion is registered in the Mercantile Registry of
Related Party Transaction
Indico Investments and Management, SL is considered a "Related Party" as defined under the AQSE Growth Market Access Rulebook as a result of having been a substantial shareholder in the 12 months before the date of the transaction.
Having exercised reasonable care, skill and diligence, the directors consider that the transaction is fair and reasonable as far as the shareholders of the issuer are concerned.
The Directors of the Company accept responsibility for the contents of the announcement.
For further information, please contact:
Substrate AI |
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Lorenzo Serratosa Chairman |
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First Sentinel Corporate Finance Corporate Advisors |
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Brian Stockbridge
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+44 (0) 7858 888 007
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About Substrate AI: Substrate AI is an artificial intelligence company based in
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