Tiger Alpha PLC (AIM:TIR) has signed Heads of Terms to acquire 100% of Potentially for total consideration of £10 million, paid entirely by issuing 2 new shares at 0.50p each.
Potentially describes itself as a “Collective AI” peer‑to‑peer layer that enables creators to protect and monetise AI‑generated work and expects to start generating revenue in 2026.
On completion of the reverse takeover, the enlarged group will be renamed Potentially AI PLC and the current Tiger Alpha directors, except chair Brian Stockbridge, will resign, and the founders and three new directors are proposed to join.
"This is a once-in-a-generation opportunity to build the infrastructure that the AI economy runs on. The models exist, the applications exist. What hasn't been built is the layer in between - where people create, protect and earn from their work. We have a series of exciting products ready to launch in the coming months, and the Transaction gives us the platform to bring them to the world," said Oliver Yonchev, Potentially co‑founder and COO.
Trading in Tiger Alpha shares were suspended from 7.30am on 15 April, and the parties are targeting completion by 30 June.
