Business
Subscription to raise £1.5 million
MicroSalt Plc has successfully closed a fundraising of £1.5 million through a subscription for 3,333,334 new ordinary shares at £0.45 per share, a discount of approximately 13.5% to the previous closing price. The raised funds will be allocated to increasing production by £1.0 million, staffing by £0.2 million, marketing by £0.1 million, general working capital by £0.1 million, and R&D by £0.1 million. The company reported unaudited sales of $1.95 million for the eleven months to November 2025, exceeding its full-year target, and has strengthened relationships with a major food manufacturer, projecting revenues of $7.0 million in 2026 and over $15.0 million in 2027. Additionally, MicroSalt intends to offer existing shareholders the opportunity to subscribe for up to £0.3 million in ordinary shares through a Retail Offer. Disclaimer*
About this update from Microsalt Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as imported into the laws of England and Wales by virtue of the European Union (Withdrawal) Act 2018 (as amended) and certain other enacting measures (\"UK MAR\"). With the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n9 December 2025\nMicroSalt Plc\n(\"MicroSalt\" or the \"Company\")\nSubscription to raise £1.5 million\n \nMicroSalt plc (AIM:SALT), a leading provider of full-flavour, natural salt with approximately 50% less sodium, is pleased to announce it has closed a fundraising of £1.5 million (c.US$2.0 million) through a subscription for 3,333,334 new ordinary shares of £0.001625 each in the Company (\"Subscription Shares\") at a price of £0.45 per Subscription Share (the \"Subscription\" or \"Fundraising\").\nKey Highlights:\n- £1.5 million (US$2.0 million) before expenses was raised pursuant to the Subscription through participants of the Fundraising (\"Subscribers\"), at a price of £0.45 per Subscription Share (the \"Issue Price\"). The Issue Price represents a discount of approximately 13.5% to the Company's last closing share price\n- Funds raised will be utilised as follows:\no £1.0 million to increase production to support expected orders from leading snack manufacturers;\no £0.2 million for staffing, including a sales executive focused on international Quick Service Restaurants (\"QSR\") and Fast Service Restaurants (\"FSR\") as well as further sales and finance support;\no £0.1 million for marketing to assist MicroSalt with visibility in industry publications, ingredient based sales events as well as to support other marketing initiatives;\no £0.1 million for general working capital purposes; and\no £0.1 million for R&D efforts associated with new product development.\n \nMicroSalt continues to deliver positive trading, with unaudited sales of $1.95 million for the eleven months to 30 November 2025 and therefore will exceed its full-year revenue target of $2.0 million. The volume year to date represents up to 75...