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LONDON - Sundae Bar Plc, a company specializing in the development of a marketplace for AI Agents, has announced its application for the admission of its share capital to trading on the AIM market of the London Stock Exchange (LON:LSEG). The trading on AIM is set to commence at 8.00 a.m. on June 3, 2025, under the ticker "SBAR" and the ISIN GB00BRXKJ754.
The move follows Sundae Bar’s acquisition of Ora Technology PLC and its plan to establish a comprehensive platform for AI developers. The platform, named sundae_bar, is designed to facilitate the marketing, management, and sale of AI agents, providing tools for creation, customization, and monetization akin to services offered by e-commerce platforms for online entrepreneurs.
In conjunction with its AIM admission, Sundae Bar is also conducting a conditional placing of 25,000,000 new ordinary shares at an issue price of £0.08 per share, managed by Clear Capital Markets Limited. This placing aims to raise gross proceeds of £2,000,000 before expenses, with the funds intended to support the company’s general working capital needs and to foster growth following the acquisition of Ora Technology.
Jill Kenney, CEO of Sundae Bar, expressed that the capital raise is a critical milestone for the company, signifying strong investor confidence in their strategic direction and in the potential of the AI Agent market. The additional funds are expected to expedite integration processes and prepare the company to take full advantage of market opportunities.
The transition to AIM reflects the board’s belief that it aligns with the company’s growth and will provide access to a broader investor base and improved liquidity. The Admission Document detailing the terms of the Placing and Admission is available on the company’s website.
Simultaneous with the AIM admission, Sundae Bar will withdraw its shares from the Access Segment of the AQSE Growth Market, with the expected withdrawal date being June 3, 2025. The same withdrawal date applies to Ora Technology PLC’s shares.
Additionally, Sundae Bar has announced the appointment of Luke Cairns to its Board of Directors as of May 22, 2025. This information is based on a press release statement. Further announcements regarding the Admission and withdrawal processes will be made as necessary.
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