Bitcoin price today: surges to $122k, near record high on US regulatory cheer
LONDON - TAO Alpha PLC (LSE:TAO), which is set to be renamed Satsuma Technology PLC, announced Wednesday that it has received notice for the exercise of 1.4 million warrants over ordinary shares at an exercise price of 3 pence per share.
The company will issue 1.4 million new ordinary shares of £0.001 each to the warrant holder. These new shares will rank equally with existing ordinary shares.
TAO Alpha has applied for the new shares to be admitted to trading on the London Stock Exchange (LON:LSEG) Main Market, with dealings expected to commence around July 15, 2025.
Following the admission of these new shares, the company’s total issued and voting share capital will consist of 472,299,200 ordinary shares. The company confirmed it does not hold any ordinary shares in treasury.
The company noted that shareholders may use this updated share count as the denominator for calculations to determine if they are required to notify their interest in, or changes to their interest in, the company’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This information was disclosed in a regulatory announcement based on a company press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.