Cykel AI half-year loss widens as administrative costs balloon
1st Oct 2024 15:01
(Alliance News) - Cykel AI PLC on Tuesday remained positive of growth opportunities in artificial intelligence despite widened half-year losses. Read More
(Alliance News) - Cykel AI PLC on Tuesday remained positive of growth opportunities in artificial intelligence despite widened half-year losses. Read More
(Alliance News) - Cykel AI PLC on Wednesday announced the launch of its new web app, as an alternative platform for users to access its services. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday not separately reported by Alliance News: Read More
Cykel AI PLC - London-based company that uses artificial intelligence to help clients streamline workflows, reduce time spent on repetitive tasks, and improve efficiency - Chief Executive Officer Jonathan Bixby gives 32.0 million shares, a third of his total holding, to charity. Bixby gifts the shares to Charitable Impact Foundation, a Vancouver, Canada-based organisation that helps donors manage their charitable funds and direct gifts to charities of their choice. Bixby's gift is worth GBP2.5 million at the current market price of Cykel AI. He continues to hold 63.6 million shares, a 15.2% stake. Read More
(Alliance News) - Cykel AI PLC on Tuesday said that it has signed a strategic partnership with Shift, a community of fintech leaders. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Cykel AI PLC - Raises GBP350,000 through placing of 5.8 million shares priced at 6 pence each. Says proceeds will be used for "general working capital requirements." Read More
Cykel AI PLC - artificial intelligence specialist - and Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage assets. On Tuesday, court sanctions scheme by which bid for Cykel AI by Mustang will be implemented. Read More
(Alliance News) - Mustang Energy PLC and Cykel AI PLC on Friday agreed terms to an all-share takeover, following several extensions of the offer deadline. Read More
(Alliance News) - Mustang Energy PLC on Friday said its acquisition of Cykel AI PLC has been delayed. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Mustang Energy PLC - London-based special purpose acquisition company - Announces with Cykel AI PLC that the pair have extended the deadline for Mustang to make a firm decision or offer for Cykel to March 15 from February 16. In January, Mustang entered into a non-binding heads of terms deal to acquire the entire share capital of Cykel, a London-based software firm specialising in advanced artificial intelligence products, through the issue of 1.844 new Mustang shares for each Cykel share. The deadline may be further extended at the request of Cykel, Mustang says. Read More
(Alliance News) - Mustang Energy PLC on Friday said it had struck a deal to acquire Cykel AI for GBP19.2 million. Read More
(Alliance News) - Mustang Energy PLC and Cykel AI PLC made joint announcements of the proposed acquisition on Friday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Kondor AI PLC - London-based developer of artificial intelligence products to offer on software-as-a-service model, focused analysis of visual input - Starts trading on Aquis Stock Exchange in London on Thursday after raising GBP1.5 million gross from sale of 50.0 million new shares at 3 pence each as part of initial public offering. The IPO is led by Clear Capital Markets. At the IPO price Kondor has a market capitalisation of GBP5.4 million. Read More
Cykel AI PLC - London-based artificial technologies firm - Launches artificial intelligence-powered Task operating system. Says Task is designed to provide users with "a sophisticated platform for streamlined workflows, intelligent task prioritization, and seamless cross-platform integration." Co-founder & Executive Chair Jonathan Bixby says: "The beta launch of Cykel AI's Task OS on time and on budget represents a significant step forward in the company's mission to leverage artificial intelligence for the betterment of productivity and efficiency across industries. Cykel AI PLC is grateful for the unwavering support of its dedicated team, valued partners, and potential beta customers." Read More
(Alliance News) - Shares in Cykel AI PLC made a positive start to trading in London on Wednesday, after the artificial intelligence technologies firm raised GBP1.8 million in its initial public offering. Read More