Mustang Energy PLC announced that it has entered into an subscription agreement with three investors to issue unsecured convertible loan notes for gross proceeds of £200,000 on April 4, 2024. The notes bear no interest and subscription by the investors shall be conditional on (i) the approval of its shareholders of the proposed transaction; and (ii) the approval of its shareholders of the proposed transaction. The notes will mature on the May 31, 2024 and convert automatically on readmission at a conversion price of £0.06 per share.
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5-day change | 1st Jan Change | ||
5.5 GBX | 0.00% |
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0.00% | -82.03% |
07-03 | Mustang Energy PLC will Change its Ticker to CYK from MUST | CI |
07-03 | Mustang Energy PLC will Change its Name to Cykel AI PLC | CI |
1st Jan change | Capi. | |
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-82.03% | 29.06M | |
+66.69% | 5.54B | |
+94.72% | 1.23B | |
+2.57% | 986M | |
+32.46% | 866M | |
+2.39% | 668M | |
-0.36% | 610M | |
-.--% | 600M | |
+10.28% | 536M | |
-.--% | 500M |
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- Mustang Energy PLC announced that it expects to receive £0.2 million in funding