13th Oct 2026 14:12
(Alliance News) - SecondPass Research Ltd on Tuesday announced its intention to seek admission to the AIM market of the London Stock Exchange.
Admission is expected to become effective in the fourth quarter of 2026, SecondPass said.
SecondPass Research is an artificial intelligence research and software development company focused on professional sound for film, television and advertising.
The company intends to admit its entire issued and to be issued ordinary share capital to AIM as it seeks to raise up to GBP5.0 million through a placing and a retail offer, with proceeds to fund the commercial launch of the SecondPass platform.
Directors expect the net proceeds to take the company to earnings before interest, tax, depreciation and amortisation breakeven without the need for further equity funding, SecondPass said.
The company said it believes the proposed listing would broaden its shareholder base, increase its visibility among investors, support employee share-based incentives and provide a platform for future acquisitions using its quoted shares as consideration.
SecondPass said it would be re-registered as SecondPass Research PLC before admission.
Chief Executive Officer and Executive Chair Anthony Matchett said: "We are delighted to announce our intention to seek admission to AIM. It is an important milestone for SecondPass and will provide access to the London capital markets as we seek to redefine the audio post-production industry."
By Niall Holden, Alliance News reporter
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