Pri0r1ty Intelligence Group PLC (AIM: PR1, OTC: PRIAF), the AIM-listed data, AI, and marketing services group, has issued 24,950,000 new ordinary shares through its At-The-Market facility at £0.0104 per share, raising approximately £259,480 before expenses. The proceeds are earmarked primarily to service repayments on a £1.25 million unsecured convertible loan note managed by Yorkville Advisors Global, LP. The company states the funds should cover at least the next two monthly repayments, with admission to AIM expected at 8.00 a.m. on or around 12 November 2026.

Key Points

  • Pri0r1ty Intelligence Group PLC (AIM: PR1, OTC: PRIAF)
  • 24,950,000 ATM shares issued at £0.0104, raising approximately £259,480 before expenses
  • To date, the company has repaid £125,000 plus accrued interest of the £1.25 million Yorkville CLN; proceeds expected to fund at least the next two monthly repayments
  • Investors should watch for further ATM issuances and progress towards the company's stated goal of becoming cash flow positive

ATM Facility Used to Service Yorkville Convertible Loan Note of £1.25 Million

Pri0r1ty has deployed its At-The-Market facility — a mechanism designed to allow share issuance at prevailing market prices — to generate capital specifically for amortisation of its £1.25 million gross unsecured convertible loan note held by Yorkville Advisors Global, LP. The announcement states that £125,000 plus accrued interest has already been repaid under the CLN, and the latest tranche of approximately £259,480 is intended to cover at least the next two monthly instalments. The ATM structure gives the company flexibility to raise capital without a fixed placing price, though it results in ongoing share count increases that investors will wish to monitor closely.

Net Proceeds at 97.5% of Gross After Broker Fees; Total Issued Shares Rise to 233,707,171

Under the terms of the ATM arrangement, broker GIS deducts a fee and settlement costs from gross proceeds, with the net amount equal to 97.5% of gross sale proceeds being remitted to the company following admission. Following this issuance, Pri0r1ty's total issued ordinary share capital will stand at 233,707,171 shares, all carrying voting rights, with no shares held in treasury. The company notes that this figure should be used by shareholders as the denominator for calculating interests under the FCA's Disclosure Guidance and Transparency Rules, which is a standard regulatory disclosure requirement for AIM-listed companies.

ATM Proceeds May Also Support Operations Across Halfspace, Pri0r1ty SaaS, Metr1c, and Pirkx Divisions

Beyond CLN repayments, the announcement states that proceeds from the ATM facility may also fund ongoing operations and provide runway for the business to reach cash flow positivity. Pri0r1ty operates four revenue-generating divisions: Halfspace, a data-led marketing business focused on sports sector clients including Premier League clubs; Pri0r1ty, an AI SaaS platform for SMEs; Metr1c, an entertainment brand partnerships business counting The Brits and Sony among past clients; and Pirkx, a subscription-based worker benefits platform serving SMEs and membership organisations.

Admission to AIM Expected 12 November 2026 Following London Stock Exchange Application

The company has applied to the London Stock Exchange for the 24,950,000 ATM shares to be admitted to trading on AIM, with admission expected at 8.00 a.m. on or around 12 November 2026. Nominated adviser Beaumont Cornish Limited and joint brokers Bowsprit Partners Limited and Oak Securities are involved in the transaction. Investors may wish to monitor whether continued use of the ATM facility, and the associated dilution it creates, remains proportionate as the company works to reduce its CLN obligations and move towards sustainable cash generation across its AI and data services divisions.