Rosslyn Data Technologies (GB:RDT) has released an update.
Rosslyn Data Technologies has announced a multi-faceted financial strategy including a minimum £2.5 million fundraising effort, conversion of 2023 Convertible Loan Notes, and a capital reorganisation to support the company’s growth and path to profitability. The initiative involves issuing new Ordinary Shares and Convertible Loan Notes, with the fundraising proceeds intended to solidify Rosslyn’s balance sheet and fund its business strategy. Shareholders are advised to vote in favor of the proposed changes to facilitate the company’s potential for accelerated growth and to capitalize on market opportunities with its AI solution, AiCE.
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