Investors

Capital raised against evidence, not promises

The financial model framework, the milestones that unlock each stage of funding, and the indicative path to admission. Everything on this page is indicative and subject to change.

Financial model framework

Use of proceeds and milestone-staged funding

Use of proceeds — priority order
  1. Platform and AI product build
    Engineering, data licences and security.
  2. Content, brand and audience
    Editorial, national campaign and partnerships.
  3. Foundation acquisitions
    One or two cash-generative businesses bringing clients from day one.
  4. Regulatory capability
    Authorisation or acquired permissions, and compliance hires.
  5. Working capital
    A minimum 18-month runway before assumed revenue.
Milestone-staged funding
  1. M1 Perimeter opinion, founding team and financial model signed off.
  2. M2 MVP live in closed beta; engagement metrics published.
  3. M3 First acquisition completed and integrated.
  4. M4 Subscription launch; corporate client book building.

Later capital is raised against evidence, not promises.

Indicative IPO timetable

A focused path to AIM admission on 24 November 2026

Dates are indicative and remain subject to regulatory, market and execution considerations. They do not constitute a commitment that admission will take place, or take place on these dates.

01

Pre-IPO capital raise

  • 17–28 Aug Subscription letters out and back
02

Regulatory preparation

  • 28 Sep Early Notification to AIM
  • 10 Nov Schedule One published (10 days)
03

Marketing and fundraising

  • 2–6 Nov Marketing roadshow
  • 9–11 Nov Bookbuilding
  • 12 Nov Placing letters out and back
04

Announcement and admission

  • 19 Nov Three-Day Announcement
  • 24 Nov Admission — day one of trading
IPO advisers

An experienced adviser group is being assembled for admission

Company names only. Appointments marked “proposed” are not yet made and remain subject to completion of engagement terms.

Wedlake Bell LLP

Legal advisers

Appointed

Clear Capital Markets Limited

Broker

Proposed

Strand Hanson Limited

Nominated adviser

Proposed

RPG Crouch Chapman LLP

Reporting accountants

Proposed

Important

This page is provided for information only. It is not a prospectus, an admission document, a financial promotion, or an offer or invitation to subscribe for or purchase any securities, and it is not investment advice. Any future offer would be made solely through the relevant formal documentation.