Pri0r1ty Intelligence Group PLC (AIM: PR1), the AI, data and marketing services group, is pleased to announce a $1 million (£750,000) placing to support the expansion of its Pr1bit cryptocurrency offering for commercial Bitcoin transactions at scale via its recently launched Lightning Network Routing Node.
Key points
· Raised gross proceeds of approximately $1 million (£750,000)
· Proceeds to be applied to expanding Bitcoin liquidity for the Lightning Network to at least 500 million Bitcoin satoshis to accelerate growth (within the Company’s approved Bitcoin Treasury Management Policy as announced on 20 June 2025)
· Lightning Network gives customers near-instant and almost cost-free Bitcoin transactions
Pr1bit/Lightning Network Liquidity Expansion
Pri0r1ty is expanding the liquidity being used to grow the Lightning Network Routing Node to significantly accelerate product growth. The Lightning Network gives customers near-instant and almost cost-free transactions, allowing users to send and receive private Bitcoin payments to Pri0r1ty and other SME customers in exchange for goods and services at a significantly lower cost than the Bitcoin main network or traditional online payment methods. Pri0r1ty earns a routing fee for processing such transactions in Bitcoin satoshis (SATS), the smallest monetary denomination of Bitcoin.
Pri0r1ty had previously allocated 100,000,000 SATS of liquidity for the first channel(s) utilising its Bitcoin treasury reserves following the acquisition of Bitcoin in support of this product. Due to investor demand to support the product, Pri0r1ty will allot at least a further 400,000,000 SATS of Bitcoin liquidity to opening new channels and network expansion. As adoption of the Lightning Network grows, Pri0r1ty expects to add more channels and fill further liquidity requirements in exchange for processing fees using its reserves. Pri0r1ty will purchase additional Bitcoin as required within its Bitcoin treasury to support this accelerated growth.
Placing
Pri0r1ty has raised gross proceeds of approximately $1 million (£750,000) (before expenses) through a placing of 18,750,000 new ordinary shares of 0.3 pence each (the “Placing Shares”) at a price of 4 pence per share (the “Placing Price”) with two institutional investors (the “Placing”). The Placing is conditional only upon admission of the Placing Shares to trading on AIM (see below). The Placing Price represents a 7% discount to the closing share price of 4.3 pence on 28 July 2025.
OAK Digital Capital, a division of OAK Securities, specialising in advisory and investment in digital assets was the largest participant in the Placing. OAK Securities acted as sole broker to the Placing.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8.00 a.m. on 5 August 2025.
Following Admission, the Company’s total issued share capital will consist of 179,190,320 ordinary shares of 0.3 pence each with voting rights attached. The Company does not hold any ordinary shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
James Sheehan, CEO of Pri0r1ty, commented:
“Since announcing our Pr1bit solution, we have seen notable demand from SMEs that have wanted to integrate Bitcoin payments into their business offering. Our product enables this, with onboarding, treasury management and compliance tools. By launching our Lightning Network Routing Node, we added speed and cost efficiency to this offering.
Having been approached for strategic investment at close to the market price we thought this would give us the opportunity to expedite our Pr1Bit offering and we’re delighted to be able to expand Bitcoin liquidity in support of this product.
We are encouraged by the demand this new offering has brought to not only our cryptocurrency product but our core suite of AI and data tools to supercharge SME growth. We believe that Pri0r1ty is uniquely positioned to capitalise both on the adoption of cryptocurrency at commercial scale and the rapidly evolving AI landscape.”
If you would like to explore how Pri0r1ty AI can help drive time and cost efficiency for your business,
please contact plc@pri0r1ty.com.
For further information, please contact:
Pri0r1ty Intelligence Group PLC
James Sheehan, Chief Executive Officer
Email: ir@pri0r1ty.com
Tel: +44 (0)20 8064 3554
