IN BRIEF: Tiger Alpha set to relist on AIM on Monday as Potentially AI

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Tiger Alpha PLC - London-based incubator of early-stage technology projects - Set to relist on the AIM market in London on Monday as Potentially AI PLC, as Tiger Alpha completes its reverse takeover of Potentially AI Ltd. The acquired company was founded last year in Cyprus by Oliver Yonchev and Sukhveer Sanghera. It provides a platform that gives users access to multiple artificial intelligence models to create text, image, audio and video content. The resulting AI-generated content can then be sold via Potentially AI's online marketplace.

Tiger Alpha has 85.4 million shares in issue following a 10-into-1 share consolidation last month. It is issuing 200.0 million new shares as consideration for the acquisition of Potentially AI and 97.3 million as part of a £4.9 million fundraise. The enlarged company will have a market capitalisation of £19.1 million when it starts trading. Sanghera will be the largest shareholder with a 25.6% stake and lead the company as 'chief architect'. Yonchev will be its chief operating officer.

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