Business
Issue of Unsecured Bridge Convertible Loan Notes
Oscillate PLC has secured US$400,000 through the issuance of unsecured bridge convertible loan notes with a 15% coupon and a six-month term. This immediate funding, equal to the consideration from the sale of 80% of its hydrogen assets to Pulsar Helium Inc., will be used for working capital and general corporate purposes. The noteholders have the option to convert their principal and accrued interest into ordinary shares at a discount to the AIM admission price or prevailing market price, and the transaction involves related parties who collectively hold approximately 26.5% of the company's shares. Disclaimer*
About this update from Serval Resources Plc
[{"type":"text","content":"\n\nOscillate PLC\n(\"Oscillate\" or the \"Company\")\n \n18 December 2025\n \nIssue of Unsecured Bridge Convertible Loan Notes raises US$400,000\n \nHighlights \n· The issue provides US$400,000 in immediate funding to the Company\n· This funding is an amount equal to the consideration due to the Company pursuant to the sale of 80% of its hydrogen assets to Pulsar Helium Inc. (\"Pulsar\"), which is due to be settled over a total of five months\n· Proceeds to be used for working capital and general corporate purposes\n \nNews Announcement \n \nThe Company is pleased to announce that it has entered into an unsecured bridge convertible loan note instrument (\"Loan Note Instrument\") with Cambrian Limited, indirectly owned by Neil Herbert, and Charterhouse Trustees Limited, on behalf of The J. Stalker Discretionary Settlement (the \"Noteholders\"), under the terms of which the Noteholders have agreed to subscribe for, and the Company has agreed to issue, unsecured convertible loan notes of US$1 each with an aggregate principal amount of US$400,000 (\"Loan Notes\").\n \nThe Loan Notes have a coupon of 15% and a term of six months. There is also an option to convert all or part of the outstanding principal and accrued interest into ordinary shares of the Company (\"Ordinary Shares\") upon the proposed admission of the Company to AIM, as set out below. The Loan Notes will be split 50:50 between Cambrian Limited and Charterhouse Trustees Limited, on behalf of The J. Stalker Discretionary Settlement.\n \nCEO, Robin Birchall, commented: \"We are pleased to have concluded this financing agreement, as it provides immediate and significant liquidity in advance of the Company's proposed step up to the AIM market. We look forward to using this capital to continue to deliver on our corporate objectives in the short-term as we prepare for an exciting 2026.\" \n \n\n\n \nThe purpose of this financing is to provide immediate working capital to the Company of US$400,000, being an amount equal to the consideration due to the Company by Pulsar, pursuant to the sale of 80% of its hydrogen assets to Pulsar, as announced on 4 November 2025. This consideration is due to be satisfied through the issuan...