PR Newswire
LONDON, United Kingdom, March 31
Mollyroe plc
(«Mollyroe» or the «Company»)
Update on Loan Facility to Cascade now increased by £500,000 to £800,000
Mollyroe plc (AQSE: MOY) announces that it has provided a further advance
of £500,000 (the «Further Advance») to Cascade Studio LLC («Cascade») under the
terms of its existing secured loan facility (the «Facility»). Cascade is a
nascent company focused on creating the go-to SaaS content creation platform for
AI-powered filmmaking and storytelling. Leveraging over 40 years of combined
experience in creative technologies and industries, Cascade’s small expert multi
-award winning management team is developing a GenAI and agentic AI platform
offering an intuitive toolset and interface that integrates with proprietary
fine-tuned multi-modal generative AI models, enabling bespoke & seamless end-to
-end GenAI content production for film, animation, advertising, digital
agencies, music videos, corporate training, education, and various other
sectors. Cascade’s product is advanced and a full update on in its progress is
expected in May 2026.
Terms of the Further Advance
The Further Advance has been provided on the same commercial terms as the
initial £300,000 advance previously announced. Following this Further Advance,
the total principal amount outstanding under the Facility is £800,000.
In connection with the Further Advance, the following terms have been agreed:
· Total Principal: The total facility now amounts to £800,000.
· Arrangement Fee: An arrangement fee of 5% of the total facility (amounting
to £40,000) has been agreed and will be payable to Mollyroe.
· Reporting Requirements: As a condition of the Further Advance, Cascade has
agreed to provide Mollyroe with monthly basic cashflow reporting to ensure
continued oversight of the deployment of funds and its working capital position.
· Use of Proceeds: The funds are intended to support Cascade’s ongoing
operational requirements and strategic initiatives.
The Board of Mollyroe believes that providing this additional support to
Cascade, structured with enhanced reporting requirements, is in the best
interests of the Company’s shareholders as it continues to monitor its
investment portfolio.
Related Party Transaction
Darren Hopkins, Chief Executive Officer of the Company, is also a director of
Cascade Studio LLC and currently owns 24% of Cascade. Therefore, the Further
Advance constitutes a related party transaction pursuant to the Aquis Growth
Market Access Rulebook. Having considered the terms of the Further Advance, and
having exercised reasonable care, skill and diligence, Paul Ryan, who is
independent for the purpose of the terms of the Further Advance, considers that
the Further Advance is fair and reasonable insofar as the shareholders of the
Company are concerned.
The Directors of the Company accept responsibility for the content of this
announcement.
For further information, please contact:
Company
Paul Ryan – Executive Director
[email protected]
AlbR Capital Limited – Financial Adviser and Corporate Broker
+ 44 (0) 20 7469 0930
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