Cel AI PLC (LSE:CLAI) has completed a conditional fundraising round, securing £10 million through a combination of placing and direct subscriptions. The company issued 5 billion new ordinary shares at a price of 0.2p each. Funds raised will be used primarily to acquire Bitcoin and to support ongoing operational activities, reflecting Cel AI’s strategic focus on combining AI advancements with a Bitcoin treasury model to enhance capital efficiency and long-term growth potential.
While the company faces ongoing challenges with profitability and cash flow, technical indicators suggest some positive momentum. However, volatility and valuation concerns continue to affect the stock’s attractiveness. The recent funding and leadership changes may provide a pathway for strategic improvement and potential future upside.
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