Oscillate Plc Investee Update: Psych Intention to Float on AQSE
May 16 2022 - 6:32AM
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
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