Intuitive Investments Supports Potential Acceler8 All-Share Transaction for Main Market Listing

Intuitive Investments Group (LSE:IIG) and Acceler8 Ventures (LSE:AC8) have reached an agreement in principle on a potential all-share transaction that would see AC8 acquire IIG and the enlarged business seek admission to the Financial Conduct Authority’s Official List and the London Stock Exchange’s Main Market. Based on AC8’s most recent closing price, the proposed deal values IIG’s fully diluted share capital at roughly £600 million. Following completion—and a planned bonus issue for existing AC8 shareholders—IIG investors would hold about 99% of the combined company.

The companies say moving from the Specialist Fund Segment to the Equity Shares (Commercial Companies) category could expand institutional participation and help close IIG’s persistent discount to net asset value. The shift is also intended to better reflect the group’s evolution toward an operating structure built around Hui10’s Chinese lottery technology platform. Separately, AC8 plans to raise around £1 million through 8% unsecured convertible loan notes to provide working capital. The conversion structure is designed to support the completion of the transaction and help AC8 meet the UK listing rules requirement to complete a substantive acquisition.

The investment case is constrained mainly by weak financial fundamentals, including ongoing losses and negative cash flow, alongside valuation pressures stemming from a negative price-to-earnings ratio. However, these concerns are partly balanced by relatively strong technical momentum and a balance sheet with minimal leverage risk, supported by the company’s zero-debt position.

More about Intuitive Investments Group Plc

Intuitive Investments Group plc is an investment company listed on the London Stock Exchange’s Specialist Fund Segment. Its portfolio is heavily concentrated in Hui10 Inc., a technology firm focused on modernising China’s lottery sector through digital infrastructure and software platforms. Hui10 and its subsidiaries represent more than 99% of IIG’s portfolio value, highlighting the company’s strategic focus on high-growth technology assets tied to China’s evolving lottery ecosystem.