Cykel AI PLC - Raises £350,000 through placing of 5.8 million shares priced at 6 pence each. Says proceeds will be used for ‘general working capital requirements.’

Founder & Chief Executive Jonathan Bixby says: ‘Following completion of the reverse takeover and re-listing on the London Stock Exchange, we are delighted to raise fresh capital. The last few years have seen massive growth in the AI technology market. A senior London stock market listing will provide us with the profile, credibility, and access to global capital to drive our growth.’

Current stock price: 6.90 pence, up 25% in London on Monday

12-month change: up 38%

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