StreaksAI PLC Notification of Investment

RNS Number : 4612T

StreaksAI PLC

15 January 2025

 

15 January 2025

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

StreaksAI PLC

 

("StreaksAI" or "the Company")

 

Notification of Investment

 

StreaksAI PLC (LSE: STK), a UK-based generative AI platform, is pleased to announce an investment of £250,000 into Roundhouse Media Pte Ltd ("Roundhouse"), a non-fungible token-focused media studio based in Singapore (the "Investment"). Roundhouse is developing further products in the cryptocurrency, meme coin and AI Agent space. The Board believes these are growing areas and the Investment has the potential to enhance returns to its shareholders. Following the Investment, StreaksAI will hold 14.68% of Roundhouse.

 

Related Party Transaction

SteaksAI's Investment into Roundhouse constitutes a related party transaction as Mike Edwards is a director of the Company and of Roundhouse. Accordingly, the Investment is being treated as a related party transaction pursuant to paragraph 7.3 of the Disclosure Guidance and Transparency Rules. StreaksAI's directors (other than Mike Edwards) confirm that the Investment is fair and reasonable from the perspective of StreaksAI and its shareholders. 

 

For further information please contact:

 

StreaksAI PLC
Mike Edwards CEO	via First Sentinel (Corporate Advisor) [phone]
Corporate Broker
Brian Stockbridge (First Sentinel)	[phone]

 

About Streaks:

StreaksAI PLC is a provider of AI based conversational technologies. The Company offers two core products in the gaming and conversational AI space.

 

For more information on the Conversational Gaming AI product, please visit www.playstreaks.com    

 

For more information on the Conversational AI product, please visit www.streaks.ai

 

 

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