Insig AI PLC (AIM:INSG), the data infrastructure and machine learning company, saw its shares jump 16% to 16.5p on Wednesday after a trading update combining accelerating revenue growth, a potential Nasdaq dual listing, and a proposal from its chief executive to invest fresh capital at a substantial premium.
Revenues for the year to 31 March grew 56% to £800,000, ahead of the 43% growth rate recorded the previous year.
The company is forecasting revenues to more than double in the current financial year and expects to reach operating profitability.
Chief executive Richard Bernstein has expressed an interest in investing £500,000 in new equity at 20p per share, a significant premium to the prevailing market price before today's announcement.
The company said it is also in discussions with two US law firms about a potential dual listing on Nasdaq, with any fundraise tied to a listing earmarked for investment in digital assets.
Cash stood at £100,000 as of 31 March, with the board describing the position as manageable.