Gfinity plc (AIM: GFIN), the AIM-listed technology and esports company, has conditionally agreed to acquire 0M Technology Solutions Ltd, trading as Connected IQ, for a total consideration of £2 million. The board is simultaneously proposing a 500-to-one share consolidation and a change of name to CIQ plc, subject to shareholder approval at a General Meeting scheduled for 30 November 2026. The transaction marks a significant strategic pivot for Gfinity, which has been deliberately broadening its business beyond esports and into artificial intelligence-driven technology over recent years.

Key Points

  • Gfinity plc (AIM: GFIN) has conditionally agreed to acquire 0M Technology Solutions Ltd (Connected IQ) for £2 million
  • The acquisition is settled partly through 3,400,000 new ordinary shares at 20p each and partly through convertible loan notes issued to sellers Robert Keith and Andrew Mole
  • A 500-to-one share consolidation is proposed, reducing 8,436,308,108 existing ordinary shares to approximately 16,872,617 new ordinary shares
  • Investors should watch the General Meeting vote on 30 November 2026, with new AIM trading under the ticker "CIQ" expected from 2 December 2026

Connected IQ's AI-Driven Contextual Advertising Platform Targets Fast-Growing CTV Market

Connected IQ is an AI-powered platform using machine learning and artificial intelligence to help agencies and brands optimise advertising campaigns and scale media. The platform is specifically targeted at the connected television market, which the announcement describes as the fastest-growing media market. Recent product development has included integration of AI agentic software to automate parts of media planning, improvements to emotion detection capabilities for analysing video content, and a self-serve interface allowing US companies to access Connected IQ's contextual services directly. 0M Technology was established on 20 September 2023 and recorded unaudited turnover of nil in both the years ended 31 December 2024 and 31 December 2025, with the announcement noting growing client interest during 2026.

£2 Million Consideration Structured Through Shares and Convertible Notes to Robert Keith and Andrew Mole

The total consideration of £2 million incorporates the outstanding 0M Technology loan of £545,867 provided by Robert Keith, leaving a balance of £1,454,133 to be settled through new ordinary shares and convertible notes. Specifically, £680,000 will be satisfied through 3,400,000 new ordinary shares issued to Robert Keith at 20p per share, £592,366.37 through Series A convertible notes to Robert Keith, and £181,766.63 through Series B convertible notes to Andrew Mole. Both note series are non-interest bearing and are redeemable 24 months from completion. The transaction constitutes a related party transaction under AIM Rule 13, as Robert Keith holds an 87.5 per cent. indirect beneficial interest in 0M Technology and currently holds approximately 13.0 per cent. of Gfinity's issued share capital.

500-to-One Share Consolidation Designed to Improve Marketability to Institutional Investors

The board is proposing that every 500 existing ordinary shares of 0.01p each be consolidated into one new ordinary share of 5p each. As at the announcement date, 8,436,308,108 existing ordinary shares are in issue, with the consolidation expected to result in approximately 16,872,617 new ordinary shares immediately following approval of the relevant resolution. The board states that the current trade price, described as a fraction of a penny, is considerably lower than many comparable AIM-traded companies, and anticipates that a higher price per share should improve marketability to institutional investors. The Share Consolidation will not, of itself, affect the aggregate value of any individual shareholding, the announcement states.

Shareholder Vote on 30 November 2026 Determines Acquisition Completion and CIQ plc Rebrand Timeline

The General Meeting will be held at 154-160 Fleet Street, London EC4A 2DQ at 10.00 a.m. on 30 November 2026. The acquisition agreement is conditional on shareholders approving the share consolidation, the authority to allot consideration and conversion shares, and the disapplication of pre-emption rights. Subject to approval, first admission of the consolidated shares is expected on 1 December 2026, with the 3,400,000 consideration shares and trading under the new ticker "CIQ" expected to commence on 2 December 2026. Sellers have agreed that their combined interest will not exceed 29.9 per cent. of voting rights at any point, in accordance with Takeover Code obligations.