Insig AI Chairman Ups Stake, Boosts Capital

Insig AI PLC (GB:INSG) has released an update.

Insig AI PLC’s Executive Chairman, Richard Bernstein, has significantly increased his stake in the company by subscribing to 500,000 new ordinary shares at a notable premium, raising £100,000 and bringing his total ownership to 19.5%. The company expects these shares to begin trading on the AIM market of the London Stock Exchange around June 4, 2024, which will bring the total issued share capital to 111,245,137 ordinary shares. This move fully utilizes the previously announced Funding Facility and could signal confidence in the company’s future.

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