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Dukemount Capital ( (GB:CPAI) ) has shared an announcement.
CapAI plc, a company listed on the London Stock Exchange, has announced the conditional exercise of 400 million warrants, which will result in the issuance of new ordinary shares and raise £150,000. To facilitate the timely delivery of these shares, CapAI plans to enter into a stock loan agreement with its Executive Chairman, Richard Andrew Edwards, which requires shareholder approval as a substantial property transaction under UK law. This agreement involves transferring shares held by Mr. Edwards to the company, which will then issue an equivalent number of new shares back to him, ensuring market stability without cash consideration or interest.
More about Dukemount Capital
YTD Price Performance: 1233.33%
Average Trading Volume: 231,023,103
Technical Sentiment Signal: Sell
Current Market Cap: £12.93M
For a thorough assessment of CPAI stock, go to TipRanks’ Stock Analysis page.