Announcement
Kondor AI PLC - Admission to Trading on the AQSE Growth Market
RNS Number : 5293X
Kondor AI PLC
21 December 2023
21 December 2023
Kondor AI PLC
("Kondor" or the "Company")
Admission on AQSE and First Day of Dealings
Kondor (AQSE: KNDR), a technology company developing advancedartificial intelligence ("AI") products, is pleased to announce that admission of itsentire share capital consisting ofordinary shares of £0.001 each ("Ordinary Shares") to trading on theAccess segment of the Aquis Stock Exchange ("AQSE") will take place and dealings will commence at 8.00 a.m. today ("Admission"), under the ticker KNDR and ISIN numberGB00BRXKJ754.
The commencement of trading of the Company's Ordinary Shares follows a successful subscription and placing by Clear Capital Markets for a total of 50,000,000 Ordinary Shares at 3p per Ordinary Share, raising gross proceeds of £1,500,000 (before expenses).
On Admission, the Company will have 180,050,000 Ordinary Shares in issue and the market capitalisation of the Company will be approximately £5,401,500.
Jonathan Bixby, Co-Founder and Executive Chairman at Cykel AI, said:
"Kondor's debut on the AQUIS market is a major step in the Company's development and provides a strong foundation to execute our long-term growth strategy. We are delighted with the strong support from a wide range of investors to build a global AI vision Company under the Kondor brand".
About Kondor
Kondor intends to operate a software business engaged in the development of advanced artificial intelligence ("AI") products with a particular focus on vision-based AI, intending to offer these to business customers through a "software as a service" (SaaS) model.
The company's main product will be the Kondor AI app, which will analyse pictures and live photos, providing solutions to questions and challenges based on visual input.
The Company's admission document is available to view on its website:https://www.kondor.ai/
The directors of Kondor accept responsibility for this announcement.
For further information please contact:
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Kondor AI PLC |
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Jonathan Bixby, Executive Chairman |
Via First Sentinel |
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First Sentinel Corporate Finance Limited Corporate Adviser and Joint Broker |
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Brian Stockbridge Gabrielle Cordeiro
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+44 (0) 7858 888007 |
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Clear Capital Markets Limited Corporate Broker |
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Bob Roberts |
+44 (0) 20 3869 6080 |
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