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Insig AI plc announced expected revenue for the six months to 30 September 2025 of just under £440k, an increase of over 164% year-on-year, and raised gross proceeds of £1.0 million. The Company extended the redemption dates of £1.0 million and £500,000 convertible loan notes held by Richard Bernstein and David Kyte respectively by 15 months to 31 December 2026. Additionally, the expiry dates of 1,666,667 and 1,388,889 warrants held by Richard Bernstein and David Kyte were extended by 15 months to 31 March 2027.
| Date | 16 Oct 2025 |
| Time | 07:00:10 |
| Category | Trading updates |
| ID | 5717D |
16 October 2025
Insig AI plc
("Insig AI" or the "Company")
Trading and strategic operations update, and
Extended terms of Convertible Loan Notes and warrants
Insig AI plc (AIM:INSG), a provider of AI-led analytics and machine learning solutions is today holding its annual general meeting ("AGM") and issues the following update, together with an extension of the terms of certain convertible loan notes and warrants.
Trading and strategic operations update
Further to the Company's trading update on 7 October, revenue for the six months to 30 September 2025 is now expected to be marginally higher at just under £440k, which is more than 164% ahead of the equivalent period last year. Very recent new sales leads provide encouragement for the outturn for the full year.
The Company has also recently raised gross proceeds of £1.0m for general working capital purposes including bolstering Insig AI's sales activities and the continuing evaluation of strategic options, including potential structures around investing in digital assets and related enterprises. The Directors believe that enabling investors to gain access to digital asset exposure in a London listed entity harnessing the Company's machine learning data insights managed by an investment team with a proven track record, will resonate with investors and can become a highly attractive and scalable offering. The Company will provide further updates when appropriate.
Externed terms of convertible loan notes and warrants
The Company is also pleased to announce the redemption dates of the Company's existing convertible loan notes ("CLN") of £1,000,000 and £500,000 issued to Richard Bernstein and David Kyte respectively, have been extended by 15 months to 31 December 2026. All other terms of the CLNs remain unchanged.
Additionally, the expiry date of the 1,666,667 and 1,388,889 warrants to Richard Bernstein and David Kyte respectively have been extended by 15 months to 31 March 2027. All other terms of the warrants remain unchanged.
The revised terms of the CLN and warrants to Richard Bernstein, due to him being a director of the Company, are deemed to be related party transactions pursuant to AIM Rule 13. The directors of the Company (excluding Richard Bernstein), having consulted with Zeus Capital Limited, the Company's nominated adviser, consider that each of the revised terms of the CLN and the warrants to Richard Bernstein are fair and reasonable insofar as the Company's shareholders are concerned.
Richard Bernstein, CEO, commented: "We're pleased to have attracted fresh investment which enables us to further develop the business alongside new opportunities including potentially focusing on digital assets.
Furthermore, I'm pleased that the convertible loan notes and warrants have been extended, which strengthens our balance sheet during this important period for the Company."
For further information, please visit www.insg.ai or contact:
Insig AI plc [email protected]
Richard Bernstein (CEO)
Zeus (Nominated Adviser & Joint Broker)
David Foreman / James Hornigold +44 (0)20 3829 5000
CMC Markets (Joint Broker) +44 (0)20 3003 8632
Douglas Crippen