Business
Update on Proposed Equity Fundraise
BSF Enterprise PLC has announced a delay in its proposed equity fundraise and capital reorganisation, which were approved by shareholders on 17 December 2025. The company stated that the process is taking longer than anticipated as it continues to assess options and progress workstreams, and that the equity fundraise remains conditional on the approval of a prospectus. The Board is seeking certainty to ensure timely completion and will provide further updates as appropriate. Disclaimer*
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\n27 February 2026\n \nBSF Enterprise PLC\n(\"BSF\" or the \"Company\")\n \nUpdate on Proposed Equity Fundraise and Capital Reorganisation\n \nFurther to the Company's announcements on 28 November 2025 and 15 December 2025 (the \"Announcements\"), the Company provides an update on the proposed Equity Fundraise and Capital Reorganisation. As previously announced, the resolutions required to implement the Equity Fundraise and Capital Reorganisation were approved at a general meeting of the Company held on 17 December 2025. Capitalised terms used in this announcement have the same meanings as in the Announcements unless the context requires otherwise.\n \nEquity Fundraise\nThe Equity Fundraise remains conditional, inter alia, on approval of a prospectus to be published by the Company within the required timeframe following the entry into the relevant financing arrangements.\n \nFurther to the above, the Company confirms that it will not meet the anticipated timetable in respect of the proposed transaction and Capital Reorganisation.\n \nThe process remains ongoing and is taking longer than initially anticipated as the Company continues to assess its options and progress the required workstreams.\n \nThe Board continues to consider the proposed transaction, seeking certainty to enable it to be completed in a timely manner.\n \nThe 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/PBvlQP\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 \n0207 186 9000\n0207 186 9927\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 \nSu...