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LONDON - TAO Alpha PLC announced Wednesday it has received notice from three warrant holders to exercise a total of 9,999,999 warrants over ordinary shares at an exercise price of 2.5p per share.
Each of the three warrant holders exercised 3,333,333 warrants, according to the company’s press release statement. The new ordinary shares will rank equally with existing shares in the company.
TAO Alpha will apply 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 2, 2025.
Following the admission of these new shares, TAO Alpha’s total issued and voting share capital will consist of 470,899,200 ordinary shares. The company confirmed it does not hold any ordinary shares in treasury.
The company noted that shareholders may use the updated share count as the denominator for calculations to determine if they are required to notify their interest in the company’s share capital under the FCA’s Disclosure Guidance and Transparency Rules.
TAO Alpha shares trade on the London Stock Exchange Main Market.
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