Built Cybernetics to acquire Ecolibrium for £3m fundraise

Built Cybernetics PLC has announced plans to acquire Ecolibrium Inc. through a reverse triangular merger under Delaware law, with the acquisition being funded through a £3 million fundraising effort. The new ordinary shares issued for the acquisition will satisfy Ecolibrium's debt of $2,405,254, and a bridge loan will be assigned to Built Cybernetics.

The company proposes to raise approximately £3 million through a placing of £2.3 million and a subscription of £0.6 million at 1.5 pence per share, as well as a retail offer of up to 10 million new ordinary shares. Ecolibrium operates in the UK and India, with its SmartSense platform deployed at over 600 sites and has secured a letter of award from Airtel Africa for building management services across 40 edge data centers in 14 African countries.

The acquisition and fundraising are conditional on shareholder approval at a general meeting expected to be held on November 2, 2026, and admission of the new ordinary shares to trading on AIM.

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