21st Oct 2026 07:00
21 October 2026
BEACON RISE HOLDINGS PLC
("Beacon Rise" or the "Company")
Further advanced subscription agreement to raise £50,000
Beacon Rise (LSE: BRS), is pleased to announce that the Company has entered into an advanced subscription agreement (the "ASA") with new investor to raise gross proceeds of £50,000 (the "ASA Funds").
It is intended that the net proceeds raised will be used towards a portion of the transaction fees associated with the Proposed Acquisition and Admission, as well as being applied towards the Company's working capital commitments.
To date, the Company has raised total gross proceeds of approximately £316,888 in ASA Funds which are pending completion.
Further information in relation to the ASA
Pursuant to the terms and conditions of the ASA, the Company has conditionally agreed to issue to the ASA subscriber new ordinary shares of £0.0001 each in the Company ("Ordinary Shares") at the issue price of any new Ordinary Shares issued pursuant to any equity fundraise that takes place contemporaneously with Admission. If Admission has not occurred by 31 December 2026, the ASA subscribers will receive new Ordinary Shares at a price of £1.80 per new Ordinary Share.
Unless otherwise defined, definitions contained in this announcement have the same meaning as those set out in the announcement released by the Company at 8:11 a.m. on 29 September 2025.
Enquiries:
Xiaobing Wang, Director
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Beacon Rise Holdings Plc
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Email: [email protected]
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LDC Nominee Secretary Limited, Company Secretary
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Email: [email protected]
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Legal Entity Identifier (LEI): 2138007PIYMZMBWD4M27
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Related Shares:
Beacon Rise