Built Cybernetics - Issue of Convertible Loan Notes

Built Cybernetics plc has successfully raised £595,000 through the issuance of Convertible Loan Notes and expects to raise an additional £250,000 shortly, bringing the total to £845,000. This funding will enhance the Group's financial flexibility and support its Smart Buildings strategy. The terms of the CLNs include an interest rate of 12% pa, repayment by 31 December 2027, and conversion into ordinary shares at a price of 3p. The Company remains in discussions for further subscriptions of CLNs. Investors are encouraged to ask questions on this announcement via our investor hub. For more information, visit https://builtcybernetics.com. Built Cybernetics plc is a PropTech group focused on Smart Buildings and related services, uniquely positioned in the market to generate scalable and recurring revenues. Canaccord Genuity Limited is the Nominated Adviser and broker for the company. Subscribe to our news alert service for the latest updates.