Business
Convertible Loan Note Fundraise of £200,000
Convertible Loan Note Fundraise of £200,000.
About this update from Silver Bullet Data Services Group Plc
[{"type":"text","content":"\n\n9 May 2025\n \nSilver Bullet Data Services Group plc\n(\"Silverbullet\" or the \"Company\", or, together with its subsidiaries, the \"Group\")\nConvertible Loan Note Fundraise of £200,000\n \nSilverbullet, a provider of AI driven digital transformation services and products, is pleased to announce that it has raised £200,000 via the issue of convertible loan notes (the \"Convertible Loan Notes\" or \"CLNs\") under the terms of its existing convertible loan instrument announced on 1 June 2023, save for the conversion price being varied to £0.36p. Further details regarding the terms of the CLN are set out below.\n \nThe CLNs will provide the Company with additional working capital to support the significant growth in sales of 4D and its services offering.\n \n \nIan James, Chief Executive Officer of Silverbullet, commented:\n\"We are pleased to announce this convertible loan note funding, which provides the Company with further working capital to support the accelerating demand from both new and existing clients who are choosing Silverbullet to enhance their data and technology infrastructure.\"\n \n \n \nFor further information please contact:\n\n\n\n\nSilverbullet\n\n\n\n\n\nvia IFC\n\n\n\n\nIan James (CEO) / Chris Ellis (CFO)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nStrand Hanson Limited - Financial and Nominated Adviser\n\n\n\n\n\n0207 409 3494\n\n\n\n\nJames Spinney / James Bellman / Robert Collins\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nZeus Capital Limited - Joint Broker\n\n\n\n\n\n0203 829 5000\n\n\n\n\nSimon Johnson / Jake Walker\n\n\n\n\n\n\n\n\n\n\n \nCMC Markets - Joint Broker\n\n\n\n\n\n0203 003 8632\n\n\n\n\nDouglas Crippen\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nIFC Advisory\n\n\n\n\n\n020 3934 6630\n\n\n\n\nGraham Herring / Tim Metcalfe / Florence Staton\n\n\n\n\n\n07793 839 024\n\n\n\n\n \n \nFurther information on the the terms of the CLN\n· The CLNs have a term of three years and attract interest at a rate of 12% per annum, payable from the date of issue either as, at the Company's option:\n- 8% per annum paid monthly in cash, and 4% payable via the issue of additional Convertible Loan Notes as payment in kind; or\n- 12% payable via the issu...