RC365 Holding PLC (LSE:RCGH, FRA:L2G) said it has conditionally raised about £500,000 through a placing, while terminating a previously announced convertible loan note financing.
The payment solutions and fintech company placed 25 million new ordinary shares at 2p each, with proceeds earmarked for additional working capital and funding flexibility as it continues to execute its strategic objectives.
Investors in the placing will receive one warrant for every two placing shares, giving them the right to subscribe for additional ordinary shares at 2.5p apiece for three years from admission. In total, up to 12.5 million investor warrants will be issued.
RC365 will also issue 1.5 million shares in lieu of fees to certain advisers and 1.75 million broker warrants to Bowsprit Partners, which has been appointed corporate broker with immediate effect. Bowsprit has acted as the company’s financial adviser since August 2025.
The company said the convertible loan note financing announced on 26 February 2026 has been terminated and will not proceed.
