22nd Oct 2026 14:58
IntelliAM AI PLC - South Yorkshire, England-based provider of AI-driven software solutions for the manufacturing and engineering sectors - Calls general meeting for November 19 for shareholders to approve an equity raise and a switch of the company's listing to the AIM market in London from Aquis Stock Exchange. IntelliAM raises GBP6.3 million from the placing of 8.9 million shares at 70.0 pence, together with a convertible loan conversion. IntelliAM also is offering to raise up to a further GBP500,000 from retail investors at the same price.
The fresh funds will be used to commercialise IntelliAM's software platform, expand its presence in the US, and buttress it operational infrastructure. "These priorities are intended to support the group's transition towards a more scalable, software-led business model and underpin the next phase of growth," the company says.
Current stock price: 80.00p
12-month change: down 30%
By Tom Waite, Alliance News editor
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