Business
Publication of Prospectus
Satsuma Technology PLC has published a prospectus and will be admitted to trading on the London Stock Exchange's Main Market, with admission expected on December 19, 2025. The company is transitioning to Bitcoin-based revenue streams, including staking and decentralized AI, to support its Bitcoin treasury policy. Following the conversion of £90,761,000 in convertible loan notes, 10,676,100,000 new ordinary shares will be issued, bringing the total to 11,203,900,200. After repaying £78.2 million to noteholders on December 30, 2025, the company expects to retain approximately £11.8 million in cash and hold 620 Bitcoin valued at £40.5 million, resulting in an asset base of approximately £52.3 million and a market capitalization expected to significantly exceed the £30.0 million minimum. Disclaimer*
About this update from Satsuma Technology Plc
[{"type":"text","content":"\n\nThis announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the Financial Conduct Authority and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to subscribe for or to acquire, any ordinary shares of Satsuma Technologies plc in any jurisdiction, including in or into or from the United States of America, Australia, Canada, Japan, the Republic of South Africa or in any other jurisdiction.\nThis announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n17 December 2025\nSatsuma Technology PLC\n('Satsuma' or the 'Company')\nPublication of Prospectus, issue of Ordinary Shares and proposed Admission\n \nSatsuma Technology PLC (LSE: SATS) is pleased to announce that a prospectus (the \"Prospectus\") in relation to the proposed admission of its ordinary shares of £0.001 each (\"Ordinary Shares\") to the Equity Shares (Commercial Companies) Category of the Official List of the Financial Conduct Authority (the \"FCA\") and to trading on the Main Market of the London Stock Exchange (together, \"Admission\") has been approved by the FCA and published by the Company today.\nStrategic transition\nAs detailed in the Company's strategy within the Prospectus, the Company intends to develop Bitcoin-based revenue lines, including Bitcoin staking and decentralised AI operations, to generate accretive cash flow that supports the continued accumulation of Bitcoin in the Company's treasury. This operational strategy will be implemented organically and through acquisitions. It is designed to complement the Company's treasury policy of holding Bitcoin as its primary reserve asset.\nIssue of new Ordinary Shares and Financial Position\nFollowing the approval of the Prospectus, £90,761,000 in nominal value of convertible loan notes (CLN 1 and CLN 2) will automatically convert in accordance with their terms. Consequently, on 18 December 2025, the Company will allot and issue 10,676,100,000 new Ordina...