R8 Group raises £500K ahead of AGM, reshuffling backers and board
What's the deal? R8 GroupDealroom has a profile for this one. Try Dealroom → has confirmed a £500,000 fundraising ahead of its annual general meeting on August 21, 2026. The post-IPO equity raise splits into £353,800 from a placing and subscription and £146,200 in convertible loan notes, both priced at £0.00117 per share.
Who's backing it? Albany CapitalDealroom has a profile for this one. Try Dealroom →, a Guernsey company controlled by David RowlandDealroom has a profile for this one. Try Dealroom →, has stepped in to replace Ruskin Capital, which had been due to subscribe for £155,000. Albany agreed to take £80,000 in new shares and £75,000 in convertible loan notes.
The terms: The convertible loan notes carry no interest, are unsecured, and mature 24 months from issue. Noteholders can convert at the £0.00117 price before maturity, subject to customary conditions.
What changes? After the raise and full conversion, Ruskin Capital and Albany Capital together could hold up to 26.26% of the enlarged share capital. Proposed directors Neil Jefferey and David Mason will each hold 3.65% once admitted; Mason now joins as a non-executive director, rather than the executive role first disclosed.
The signal: The reshuffling of backers and board seats around a small AGM raise points to the company tightening its capital base and ownership ahead of the shareholder vote.
Read more: Investegate
Image credit: Generated with Gemini
