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RNS Number : 5293X

Kondor AI PLC

21 December 2023

21 December 2023

Kondor AI PLC

("Kondor" or the "Company")

Admission on AQSE and First Day of Dealings

Kondor (AQSE: KNDR), a technology company developing advanced artificial intelligence ("AI") products, is pleased to announce that admission of its entire share capital consisting of ordinary shares of £0.001 each ("Ordinary Shares") to trading on the Access segment of the Aquis Stock Exchange ("AQSE") will take place and dealings will commence at 8.00 a.m. today ("Admission"), under the ticker KNDR and ISIN number GB00BRXKJ754.

The commencement of trading of the Company's Ordinary Shares follows a successful subscription and placing by Clear Capital Markets for a total of 50,000,000 Ordinary Shares at 3p per Ordinary Share, raising gross proceeds of £1,500,000 (before expenses).

On Admission, the Company will have 180,050,000 Ordinary Shares in issue and the market capitalisation of the Company will be approximately £5,401,500.

Jonathan Bixby, Co-Founder and Executive Chairman at Cykel AI, said:

"Kondor's debut on the AQUIS market is a major step in the Company's development and provides a strong foundation to execute our long-term growth strategy. We are delighted with the strong support from a wide range of investors to build a global AI vision Company under the Kondor brand".

About Kondor

Kondor intends to operate a software business engaged in the development of advanced artificial intelligence ("AI") products with a particular focus on vision-based AI, intending to offer these to business customers through a "software as a service" (SaaS) model. 

The company's main product will be the Kondor AI app, which will analyse pictures and live photos, providing solutions to questions and challenges based on visual input. 

The Company's admission document is available to view on its website: https://www.kondor.ai/

The directors of Kondor accept responsibility for this announcement.

For further information please contact:

Kondor AI PLC
Jonathan Bixby, Executive Chairman	Via First Sentinel
First Sentinel Corporate Finance Limited Corporate Adviser and Joint Broker
Brian Stockbridge Gabrielle Cordeiro	+44 (0) 7858 888007
Clear Capital Markets Limited Corporate Broker
Bob Roberts	+44 (0) 20 3869 6080

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