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27 August 2025 07:20:37
- Source: Sharecast
27 August 2025
Cykel AI PLC
("Cykel AI", the "Company")
Statement regarding share price movement
Cykel AI (LSE: CYK) notes the significant increase in its share price and the volume of trading in its shares. The board is in advanced discussions with a strategic investor group regarding a possible significant equity investment into the Company, to raise funds to help develop the Company's existing business and support its treasury strategy which will be revised if the fundraise completes to allow investment in Solana and stablecoins (the "Possible Investment"). The Possible Investment, which is expected to be priced at a significant discount to the closing price on Friday 22 August 2025, will be subject to shareholder approval. These discussions may or may not lead to the completion of the Possible Investment on these or similar terms. The Company will update the market in due course.
For further information:
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First Sentinel (Corporate Adviser)
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Brian Stockbridge
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brian@first-sentinel.com
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+44 (0) 7858 888 007 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
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