Sundae Bar Plc gears up for AIM with £2m fundraise

LONDON - Sundae Bar Plc, a company developing an AI Agent marketplace, has announced its application for admission of its share capital to trading on the AIM market of the London Stock Exchange (LON:LSEG). The company is also conducting a conditional fundraise of £2 million, coinciding with its planned move from the Aquis Stock Exchange (AQSE).

The transition to AIM and the commencement of trading under the ticker "SBAR" is scheduled for June 3, 2025. This strategic shift follows Sundae Bar’s recent acquisition of Ora Technology PLC and is aimed at capitalizing on the growing market for AI Agents.

Sundae Bar’s platform, sundae_bar, is designed to be a comprehensive marketplace for AI developers to promote and sell their AI agents, providing tools for creation, customization, and monetization. The move to AIM is intended to offer the company a more suitable environment for its expanding business scale, allowing access to a broader investor base and improved liquidity.

In conjunction with its AIM application, Sundae Bar has facilitated a conditional placing by Clear Capital Markets Limited. This involves issuing 25 million new ordinary shares at £0.08 per share, raising gross proceeds of £2 million, subject to the admission’s success.

Jill Kenney, CEO of Sundae Bar, expressed that the capital raise is a critical milestone for the company, highlighting investor confidence in their strategy and acquisition of Ora Technology. The funds are earmarked for general working capital and business growth post-acquisition.

The company’s and Ora Technology’s withdrawal from the AQSE Growth Market will occur simultaneously with the AIM admission. Further announcements regarding the admission and withdrawals are to be expected as necessary.

In a related development, Luke Cairns joined the Sundae Bar Board on May 22, 2025, with the company having disclosed this appointment in line with Aquis Growth Market Access Rulebook requirements.

This news is based on a press release statement and provides a factual summary of Sundae Bar Plc’s planned AIM admission and associated fundraise. The company’s transition to AIM reflects its aspirations to enhance its position in the AI marketplace and attract wider investment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.