Fiinu Strengthens Financial Position with End of GEM Agreement and 15p Share Issuance

Fiinu Plc (AIM: BANK), the London-listed fintech behind the world’s first Plugin Overdraft® platform, today announces the early termination of its Share Subscription Facility Agreement (the “GEM Facility”) and related Warrant Instrument with the highly respected long-term investor GEM Global Yield LLC SCS and GEM Yield Bahamas Limited (“GEM”), having agreed to settle all obligations at a conversion price of 15 pence per share. 

Under the terms of the Deed of Termination executed on 1 September 2025, Fiinu will issue 7,666,667 new ordinary shares at 15p each to GEM, equating to a final settlement of £1.15 million and marking a key moment of financial clarity and confidence for the Company.

Following Fiinu’s recent progress—including the Everfex acquisition and the positive trajectory for its Plugin Overdraft® licensing—the Company has strengthened its financial standing and no longer requires the dilutive support mechanism originally put in place. This settlement is a direct result of significant positive operational and strategic milestones being delivered in 2024 and 2025.

David Hopton, Chair of Fiinu Plc, commented:

“This facility was an important backstop to us at a difficult juncture for Fiinu and the agreement reached to terminate it early marks another positive sign of our recovery from the aftermath of the return of our banking licence. Together with the recent addition of Everfex to the Group and good progress on the licensing of our Plugin Overdraft®, it marks the completion of another of the many strategic objectives the board has set itself for the remainder of 2025 and 2026. Along with my colleagues on the Board, I am increasingly confident about the future.” 

Cancelled Warrants Remove Market Overhang

All warrants previously granted to GEM have been cancelled in full. This decisive action eliminates the warrant-related overhang that could have impacted Fiinu’s future share price and investor sentiment. Short-term trading risks are further mitigated by a 30-day lock-in period for GEM on the Settlement Shares, followed by orderly market provisions that promote measured and responsible share sales. 

Fiinu extends sincere appreciation to GEM for the professionalism and flexibility shown throughout the Company’s journey. 

Their facility was essential at a time of need, however, the current agreement to settle at 15p per share and remove the warrants reflects the best interests of all shareholders and aligns the Company for long-term, sustainable value growth. This outcome is described by the Board as fair and balanced, crystallising Fiinu’s turnaround, while ensuring market integrity and confidence going forward.

Additional Information

• Application will be made to admit the Settlement Shares to trading on AIM, with admission expected around 5 September 2025.
• Following admission, Fiinu’s total share capital will be 385,541,653 ordinary shares.
• The Directors express renewed confidence about Fiinu’s prospects as this marks the completion of another key strategic milestone after a period of recovery and change.