Seed Capital Solutions calls shareholder meeting for funding
Seed Capital Solutions plc (LON:SCSP) will hold a shareholder meeting on September 17, 2026 to seek approval for issuing new ordinary shares. The company needs the funding to address working capital requirements and settle creditor obligations following the termination of its proposed acquisition of 4D Medica SA on July 10. Seed Capital Solutions plans to raise up to £85,000 over the next year to settle professional creditors, which it can cover with £125,000 through share issuance and £50,000 in cash.
The general meeting will be held at Axis Capital Markets Ltd in London at 10:00 BST. Shareholders will vote on two resolutions: authorizing directors to allot new shares and permitting directors to allot equity securities for cash without offering them to existing shareholders first. The company's broker supports the fundraising subject to shareholder approval.
After settling creditors and raising funds, Seed Capital Solutions will request the Financial Conduct Authority to lift a temporary suspension of its listing on the Official List. The company will publish an interim report for the six months ending June 30, 2026 by September 30, 2026.
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