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LONDON - RC Fornax plc (AIM:RCFX) announced on Friday a conditional retail offer of new ordinary shares at 6 pence per share, representing a 38.5 percent discount to the closing mid-price on November 14, 2025.
The retail offer is being conducted via RetailBook alongside a separate placing of new shares to institutional investors. The combined fundraising is conditional upon shareholder approval at a General Meeting scheduled for December 5, 2025, and subsequent admission to trading on AIM expected around December 8, 2025.
According to the company statement, proceeds will be used to develop its AI-powered Procure X Marketplace, which aims to connect verified SMEs with buyers, as well as its Smart Suite products and provide working capital support for potential contract wins.
The retail offer is available to eligible investors in the United Kingdom with a minimum subscription of £250 per investor. Applications can be made through RetailBook's partner network of investment platforms, retail brokers and wealth managers, including from tax-efficient savings vehicles such as ISAs or SIPPs.
The company stated that the retail offer is expected to close at 7:30 a.m. GMT on November 17, 2025, but may close earlier if oversubscribed. The aggregate value of shares available for subscription is capped at £500,000.
RC Fornax noted that while the retail offer will not proceed without the institutional placing also being completed, the placing itself is not conditional on the retail offer.
The announcement was based on a press release statement from RC Fornax plc.
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