Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
LONDON - Sundae Bar Plc (AIM:SBAR), an AI agent marketplace company, announced Monday a retail share offer through the Winterflood Retail Access Platform (WRAP) to raise approximately £500,000.
The company plans to issue around 4.5 million new ordinary shares priced at £0.11 each, with a minimum subscription requirement. The offer may be increased at the board’s discretion to meet demand.
According to the company’s statement, the funds will create a cash buffer against future needs and support a newly adopted Bitcoin treasury reserve policy. Sundae Bar indicated that a "significant portion" of the raised capital will be allocated to Bitcoin acquisition, reflecting the board’s view that digital assets can serve as an inflation hedge.
"Having secured operational and product development funding through fundraising conducted in connection with our recent AIM admission, we consider it prudent to raise additional funds to enhance the development of our product and give us additional security for the future," said Jill Kenney, CEO of Sundae Bar.
The company emphasized that its Bitcoin treasury strategy is a financial decision that complements but does not alter its core business as an AI marketplace platform.
Sundae Bar launched its beta AI agent marketplace on June 3 following its AIM admission, with plans for a version 1.0 launch in Q3 2025.
The retail offer is open to eligible UK investors through participating financial intermediaries, with a minimum subscription of £100 per investor. The offer is expected to close on June 26, with trading of the new shares anticipated to begin around July 2.
The company noted that the adoption of a Bitcoin treasury policy is not intended to transform Sundae Bar into an investing company.
This article is based on a press release statement from Sundae Bar Plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.