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MUSH Oscillate Plc

0.625
0.00 (0.00%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Oscillate Plc AQSE:MUSH Aquis Stock Exchange Ordinary Share GB00BJN5JS53
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.625 0.30 0.80 0.70 0.525 0.625 68,571 16:29:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Oscillate Plc Investee Update: Psych Intention to Float on AQSE

16/05/2022 12:32pm

UK Regulatory


 
TIDMMUSH 
 
Oscillate plc 
                      ("Oscillate plc" or the "Company") 
 
                           Investee Company Update: 
                 Psych Capital PLC Intention to Float on AQSE 
 
Oscillate PLC ( AQSE: MUSH) is pleased to announce that Psych Capital PLC 
("Psych"), a company in which Oscillate invested in August 2021, has this 
morning announced that it has made an application to have its shares traded on 
the AQSE Growth Market, with an expected Admission date of 25 May 2022. 
 
Psych operates the Psych Platform, a business-to-business networking platform, 
that has amassed a significant global B2B audience, with over 20,000 
subscribers to the platform. As a business-to-business media and content 
platform, the Psych Platform also produces the PSYCH Symposium, a premium Live 
Event series. To date PSYCH Symposium events have programmed over 80 speakers, 
that include Professor David Nutt, Christian Angermayer and Rick Doblin, 
welcomed 3,000+ delegates and generated strong revenue through sponsorship and 
ticket sales. The Psych Platform generated approximately £61,500 in revenue 
from trading activity since being acquired by Psych until the end of 2021. 
 
Psych is developing the Blossom Database pursuant to a third-party licensing 
arrangement, and Psych  will work to develop an artificial intelligence 
platform that will provide biotech companies advanced clinical data that will 
be able to fast-track drug development and loop back the real-world data, in a 
centralized database, to provide feedback on molecules and associated therapy 
programmes. 
 
Psych has undertaken an investment in Awakn, a Canadian NEO Exchange listed 
psychedelics research and clinical group, with operations in the UK and Europe. 
 
Psych Symposium 
 
The Psych Symposium, held on Wednesday 11 May 2022 at the National Gallery, was 
attended by over 300 attendees. Further details on the event can be found at: 
https://www.psychsymposium.com/. The Company is pleased with the success of the 
event that is indicative of the support and reach of the Psych Platform. The 
success of the event was a result of the Psych team's commitment and continued 
support by a host of sponsors - https://www.psychsymposium.com/sponsorship - in 
the psychedelics sector. 
 
Conrad Windham, Director of the Company, commented: 
 
"Psych Capital represents by far the single largest investment made by 
Oscillate since the Company's effective re-launch one year ago. We are 
therefore delighted to see today that Psych is on the cusp of achieving a 
public listing for its share capital. We believe that the listing, and 
associated fundraise, will demonstrably deliver a very material immediate 
return on our investment, and with a longer-term perspective, will serve as the 
catalyst for Psych to push on and build a significant business in the 
psychedelics sector. We, at Oscillate, wish the team at Psych all the very best 
with the development of the business." 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
Enquiries 
Company: 
Direct Office Line: 020 7638 9271 
https://oscillateplc.com 
 
Corporate Adviser: 
Peterhouse Capital Limited 
Guy Miller & Mark Anwyl 
Telephone: +44 (0) 20 7220 9796 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

May 16, 2022 07:32 ET (11:32 GMT)

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