Business
Further Update on Fundraise & Reorganisation
BSF Enterprise PLC has mutually terminated its proposed £15 million equity fundraise and capital reorganisation, but a £300,000 convertible loan note will continue on the same terms, extended by 12 months with repayment in cash or conversion rights at the next capital raise price. The company is now actively seeking alternative fundraising options and is in discussions with other parties to secure funds for both the group and its subsidiaries, Lab-grown Leather Ltd and Kerato Ltd, aiming to close a new favourable option in the coming weeks. Disclaimer*
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\n13 March 2026\n \nBSF Enterprise PLC\n(\"BSF\" or the \"Company\")\n \nFurther Update on Proposed £15m Equity Fundraise and Capital Reorganisation\n \nFurther to the Company's announcement on 27 February 2026 the Company provides an update on the previously announced Equity Fundraise and Capital Reorganisation. Capitalised terms used in this announcement have the same meanings as in the earlier announcement unless the context requires otherwise.\n \nThe Equity Fundraise for £15m and proposed Capital Reorganisation has been mutually terminated between the parties and each party will seek to terminate all relevant agreements that formed part of the transaction.\n \nHowever the CLN of £300K will continue on the same terms but be extend for 12 months and then repaid in cash or the CLN noteholders have a right to convert over that period at next BSF capital raise price.\n \nFurther to the above, the Company confirms that it will seek alternative fundraising options and it has entered discussions with other parties to raise funds both at Group level and subsidiary level for Lab-grown Leather Ltd and Kerato Ltd.\n \nThis process remains ongoing and the Company is seeking to close a new favourable fundraising option in the coming weeks. The Company will provide further updates as appropriate.\n \n \nEND\n \nEngage with the BSF Enterprise management team directly by asking questions, watching video\nsummaries and seeing what other shareholders have to say. Navigate to our Interactive Investor\nwebsite here:\n \nhttps://bsfenterprise.com/link/ya3gRr\n \nFor further enquiries, please visit www.bsfenterprise.com or contact:\n \n\n\n\n\nBSF Enterprise PLC\nGeoff Baker - Chairman\nChe Connon - CEO & Director\n \nWe encourage all investors to share questions on this announcement via our investor website.\n\n\nhttps://bsfenterprise.com/s/a1f22b\n\n\n\n\nShard Capital (Broker)\nDamon Heath\nIsabella Pierre\n\n\n \n(0)20 4530 6926\n(0)20 4530 6928\n\n\n\n\nAlbR Capital Limited (Broker)\nColin Rowbury\nJon Belliss\n\n\n+44 (0)20 7469 0930 \n\n\n\n\nISIN of the Ordinary Shares\nis GB00BHNBDQ51.\nSEDOL Code is BHNBDQ5.\n\n\n\n\n\n\n\n \n \nSubscribe to our news alert service: https://bsfenterprise.com/s/bb9f43\n \nAbout BSF Enterp...