Seed Capital Solutions plc (LON: SCSP) will hold a general meeting on September 17, 2026, to seek shareholder approval for a £175,000 capital raise and creditor settlement.
The company intends to issue new ordinary shares to professional creditors to settle up to £125,000 in liabilities, alongside a £50,000 cash payment. An additional £85,000 is targeted for fundraising over the next 12 months to address working capital needs and pursue acquisition opportunities.
Directors will propose two resolutions: an ordinary resolution to allow share allotments under the Companies Act 2006 and a special resolution permitting equity issuance for cash without pre-emptive rights for existing shareholders. The company’s broker has indicated support, contingent on shareholder approval.
Seed Capital Solutions terminated its proposed acquisition of 4D Medica SA on July 10, 2026, after incurring adviser costs it had planned to cover through associated funding. The company currently lacks the authority to issue sufficient shares to meet short-term obligations and has scheduled a second interim report for September 30, 2026, covering the six months ending June 30, 2026.
Following the completion of the creditor settlement and fundraising, the company will request the Financial Conduct Authority lift the temporary suspension of its listing on the Official List.
