Sundae Bar Plc (AIM: SBAR), a company creating a marketplace for AI Agents, is pleased to announce the admission of its entire issued ordinary share capital to trading on the AIM market of the London Stock Exchange (“Admission”). Admission will take place and dealings in the Company’s ordinary shares of 0.1p each (“Ordinary Shares”) will commence at 08:00 a.m. today under the ticker “SBAR”. The Company’s ISIN is GB00BRXKJ754.
In conjunction with Admission, sundae_bar has raised gross proceeds of £2,000,000, through a placing of 25,000,000 new Ordinary Shares (the “Placing”) at the price of 8 pence per share (the “Placing Price”). The Company has a total of 411,730,039 shares in issue.
Key Highlights
· The AI market is booming, and according to Statista Market Insights, is estimated to grow to $826.7 billion by 2030 (CAGR of 27.67%), whilst the AI Agents market is expected to grow from £5.1 billion (2024) to $47.1 billion (2030). There is currently no dominant marketplace player for AI Agents.
· The sundae_bar platform is intended to streamline the AI ecosystem by creating a unified marketplace, seamlessly connecting AI agents with businesses and individuals. The sundae_bar platform will empower developers with tools to build, scale and monetise agents, whilst giving end users a trusted space to discover and implement AI solutions, transforming how AI innovations reach the market.
· To enable the development of its AI Agent marketplace, earlier this year the Company acquired Ora Technology Plc (“Ora” and the Company together with Ora, the “Group”) to utilise its enterprise-grade marketplace infrastructure, which is intended to advance speed to market
· The sundae_bar platform has been designed to address the growing demand for scalable, accessible AI solutions while simplifying the end-to-end process of bringing AI Agents to market.
· AI agents are software systems or programs capable of autonomously performing tasks on behalf of a user or another system by designing its workflow and utilising available tools.
· The Company intends to derive revenue via its subscription tiers, transaction fees and advertising and promotional fees. Initially, the Group will focus on the AI Agents (sellers) and consumers of AI agents (buyers) to create a network effect of growth. This structure is expected to allow the Group to balance growth investments with operational sustainability.
· sundae_bar has a skilled and varied team to develop, operate and maintain its software with experience in developing AI-powered products and/or management of public companies and capital markets.
Jill Kenney, Chief Executive Officer of Sundae Bar, commented: “Today’s admission to AIM marks a major step in sundae_bar’s growth journey, allowing us to accelerate the development and launch of our AI Agent marketplace platform, sundae_bar. The strong support we’ve received from investors reflects the growing recognition of the transformative role AI Agents will play in the future of businesses and individuals alike. Our platform has been designed to give developers the tools to scale and monetise their innovations while providing businesses and individuals with a trusted, streamlined way of accessing AI solutions.
“We’re proud to welcome our new shareholders and are committed to delivering long-term value by scaling a platform that sits at the intersection of two major trends: AI innovation and marketplace infrastructure. As AI Agents become increasingly integral to enterprise and consumer applications, we are strategically positioned to lead this transformation, with the transparency and governance that comes from being a publicly listed company.”
A copy of the Admission Document, this announcement and all information required pursuant to AIM Rule 26 are available at the Company’s website: https://corporate.sundaebar.ai
For further information please contact:
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Sundae Bar Plc |
Jill Kenney |
+44 (0) 20 3004 9512 |
