The Insig AI funding offer put forward by chief executive Richard Bernstein values the AIM-listed company above its current market price, even as Clean Power Hydrogen (LON: CPH2) returned from suspension to hit an all-time low following the conclusion of its own capital raise.
Insig AI Funding Offer: CEO Backs Own Stock at a Premium
Bernstein is offering to subscribe £250,000 at 15p per share in Insig AI (LON: INSG), with a call option over a further £250,000 at 18p per share. According to the Insig AI equity subscription RNS, the 15p subscription price represents a premium of 9.1% to the closing share price of 13.75p on 13 July 2026.
The same announcement disclosed that an existing high-net-worth shareholder has also subscribed £100,000 at 15p per share, placing 666,667 new ordinary shares of 1p each, with proceeds directed towards accelerating the company’s digital asset investments proposition.
The current offer is not Bernstein’s first equity commitment. An earlier Insig AI equity subscription in April 2026 saw the board accept an initial £250,000 tranche from Bernstein at 20p per share, a higher entry price than the 15p applicable to the current tranche.
Revenues are expected to more than double this year to around £1.65m, which the company says should be sufficient to reach operating profit. A Nasdaq listing is described as a possibility. The share price jumped 12.8% to 13.25p, still below the proposed 15p subscription price.
Petards Wins New Orders Across Three Divisions
Petards Group (LON: PEG) disclosed a batch of contract wins totalling more than £1.4m across its divisions. These include £500,000 for automatic number plate recognition (ANPR) equipment and support, a rail order worth more than £500,000, and a £400,000 order for safety equipment for military aerospace operations.
The Petards contract wins RNS confirmed the rail award went to its Petards Joyce-Loebl division and covered eyeTrain software upgrades across two train builders. The share price rose 10.8% to 10.25p.
The new orders arrive as the group rebuilds its pipeline. Petards’ interim results for the six months ended 30 June 2025 showed the order book at £6.7 million, down from £7.1 million at 31 December 2024, with £4.8 million of that scheduled for H2 2025 delivery.
Clean Power Hydrogen Slumps to Record Low After Fundraise
Clean Power Hydrogen shares resumed trading after suspension and immediately fell 89.2% to 1.475p, a new all-time low. The company has now finalised a fundraising targeting up to £7.5m in total.
According to the Clean Power Hydrogen fundraising announcement, the raise is structured as a firm placing of approximately £2.54m, a conditional placing of approximately £0.46m, and a subscription of up to £4.0m, all at 1.5p per share. A retail offer raised its £500,000 target at the same price. The conditional placing and subscription together approximate the £4.47m conditional figure. The total, if all components complete, reaches £7.5m.
Proceeds will fund a strategic shift towards partnerships, licensing and manufacturing agreements. The cash is expected to last at least until June 2027.
Other Movers
Cavendish upgraded its forecast for Ixico (LON: IXI) following a trading statement. Full-year revenues will be at least £8m, against previous estimates of £7.5m, and the forecast loss has been cut to £2.9m. Year-end cash is around £10.2m. The share price gained 10.8% to 9p.
Canmax has converted $629,000 of interest owed into 2.77 billion Premier African Minerals (LON: PREM) shares at an issue price of 0.016826p, maintaining its 13.38% shareholding. The share price recovered 3.23% to 0.016p.
Alien Metals (LON: UFO) is acquiring Knox Resources and its Georgina Basin iron-oxide copper gold project in the Northern Territory, Australia, for £200,000 in cash and shares. The seller will also receive the R&D tax offset Knox received for the two years to June 2025. Some $4.8m has already been spent on exploration at the project. The share price fell 4.55% to 0.105p.
Empyrean Energy (LON: EME) non-executive director Dr Patrick Cross is stepping down due to ill health after two decades on the board. He holds 825,000 shares. The share price rose by a quarter to 0.0875p.
For Insig AI, the binary question now is whether Bernstein’s call option at 18p is exercised: that would require the share price to sustain a move well above its current level before the option window closes.
