New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Revenue is less than US$1m (UK£233k revenue, or US$315k). Market cap is less than US$10m (UK£4.05m market cap, or US$5.48m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Apr 17
Potentially Limited signed Heads of Terms to acquire Tiger Alpha Plc (AIM:TIR) for £10 million in a reverse merger transaction. Potentially Limited signed Heads of Terms to acquire Tiger Alpha Plc (AIM:TIR) for £10 million in a reverse merger transaction on April 15, 2026. The Consideration will be satisfied in full through the issue of 2,000,000,000 new ordinary shares in Tiger Alpha at £0.005 per share (the Consideration Shares"). Tiger Alpha agreed to acquire the entire issued share capital of Potentially for a total consideration of £10 million on a cash free, debt free basis. The Consideration Shares will rank pari passu with the existing ordinary shares of Tiger Alpha. The Sellers will be subject to an eighteen-month lock-up in respect of their Consideration Shares from Completion, followed by a twelve-month orderly market period. The board of the Company will be strengthened with the appointment on Completion of Oliver Yonchev and Sukhveer Sanghera and the Rt Hon. The Lord Johnson of Lainston CBE, former UK Minister of State for Investment, former Co-chairman of the Conservative Party, and Co-founder of Somerset Capital Management, one of the UK's largest emerging market investment firms. Consequently, trading in the Company's ordinary shares on AIM will be suspended with effect on April 15, 2026 and will remain suspended from trading until such time as either the publication of an admission document or an announcement is released confirming that the Transaction is not proceeding. On Completion, the Company will be renamed Potentially AI PLC and will trade on AIM under the ticker AGI.
Completion of the Transaction remains subject to customary conditions, including shareholder approval and admission of the enlarged share capital to trading. The Company and Potentially are targeting exchange of the share purchase agreement on or before May 30, 2026 and completion by June 30, 2026. New Risk • Jan 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 94% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Revenue is less than US$1m (UK£233k revenue, or US$321k). Market cap is less than US$10m (UK£4.48m market cap, or US$6.18m). 
