-+ 0.00%
-+ 0.00%
-+ 0.00%

Sundae Bar AI Conducts Equity Fundraise for Growth Activities

MT Newswires·08/26/2026 03:24:10
Listen to the news
03:24 AM EDT, 08/26/2026 (MT Newswires) -- Sundae Bar AI (SBAR.L) raised 500,000 pounds sterling from the issuance of 12.5 million new ordinary shares at 0.04 pound apiece, according to a Wednesday release. The artificial intelligence company will use the funds for product development, customer acquisition, and the expansion of its enterprise AI platform. The new shares are expected to begin trading on the London stock exchange's AIM segment on or around Sept. 1. Sundae Bar will issue 1.5 million warrants to broker Clear Capital Markets as consideration, exercisable at the same price for five years after admission of the new shares.