Vaultz Capital PLC (AQSE:V3TC, FRA:VJ2, OTCQB:VZTCF) said it raised £1 million to strengthen working capital and support a strategic refocus towards possible acquisitions in energy transition and the digital economy.
The Aquis-listed company issued new ordinary shares priced at 2.2p each, with Regent Resources Capital Corporation subscribing for the full amount.
The issue price was the prevailing bid price on 1 June and represented an approximate 8% discount to Vaultz’s 20-day volume-weighted average price.
Vaultz said the proceeds will be used to settle around £320,000 of outstanding trade creditors, provide working-capital headroom and fund transaction-related costs linked to its pipeline of acquisition opportunities.
The company said it is considering significant corporate transactions across strategic minerals, artificial intelligence and digital infrastructure.
Vaultz also plans to appoint Ian Burns as a non-executive director, subject to standard regulatory due diligence. Burns is founder and executive director of Via Executive Limited and managing director of Regent Mercantile Holdings Limited.
The company said it currently intends to substantially maintain its Bitcoin holding, though it would re-evaluate that treasury policy if it undertakes a significant transaction. Vaultz holds 134 Bitcoin, valued at about £7.3 million using a reference Bitcoin price of US$73,653 and a GBP/USD rate of 1.35.
After adjusting for the subscription proceeds and trade creditors, Vaultz estimated an unaudited net asset value following admission at around £8 million, equivalent to about 3.1p per ordinary share.