B HODL seeks to float on AQSE Growth Market
B HODL plc, a company for Bitcoin accumulation and revenue generation, today announced its intention to seek the admission of its Ordinary Shares to trading on the Access segment of the AQSE Growth Market.
The admission is targeted for 22 September 2025.
The company has conditionally raised approximately £13.3 million by way of a subscription for 95,251,802 New Ordinary Shares at 14 pence per share and is proposing to make a WRAP Retail Offer of around 3,571,427 New Ordinary Shares at the Issue Price to raise a further approximately £500,000.
At Admission, the Board will comprise a Non-Executive Chairman (David Jaques), four Executive Directors (Frederick Edmund New, Daniel Lawrence Scott, David Patrick Martin Boylan, Zakk Jon Lakin) and one other Non-Executive Director (Russell Allen Farrington).
The Subscription has attracted a significant number of high-profile investors from within the Bitcoin industry, including Adam Back, CEO and co-founder of Blockstream, and Joe Nakamoto, a well-known Bitcoin journalist and educator, among others.
Conditional on Admission, investors have entered into subscription letters directly with the Company to subscribe for 95,251,802 Subscription Shares at 14 pence per share, which has raised £13,335,256.38 for the Company (before expenses), to allow the company to execute its strategy of acquiring Bitcoin and undertaking Bitcoin related operational activities, primarily the operation of Lightning Nodes and routing Bitcoin transactions through the Lightning Network.
In addition, B HODL today announced that it intends to extend the investment opportunity to new retail investors via a retail offer which will be undertaken via the Winterflood Retail Access Platform (“WRAP”), to raise up to £500,000 of gross proceeds. The WRAP Retail Offer is being undertaken to allow qualifying new retail shareholders in the United Kingdom an opportunity to participate in the IPO at the Issue Price.
It is expected that the WRAP Retail Offer will launch shortly and will be open for applications until 15:00 on 19 September 2025 (or such later time and date as the Company, and Winterflood may agree). The application for Admission is not conditional on the WRAP Retail Offer.
There can be no guarantee that the WRAP Retail Offer will be fully subscribed. The WRAP Retail Offer is conditional on Admission.
