SATSUMA TECHNOLOGY PLC

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has signed Convertible Loan Note Financing to enable it to implement a Bitcoin Treasury Management Strategy. Whilst the Company has committed to investing 2/3 of this to purchase Bitcoin, the availability of this finance, being £1.67m ensures that the Company has sufficient resources to meet its liabilities for a period of at least twelve months from approval of the financial statements and the Directors have therefore determined that the accounts should be prepared on a Going Concern basis.”

Group structure

1. SATSUMA TECHNOLOGY PLC · parent
   1. TAO Alpha Pte Ltd 100% · Singaporean · BTC treasury purposes

Significant events

• “On 12 May 2025 the Company changed its name to TAO Alpha plc (previously called Streaks Al plc)”
• “Company announced on 17 June 2025 that it would initiate a BTC treasury strategy which was supported by a 5M GBP raise and the creation of a Singapore subsidiary for BTC treasury purposes.”
• “On 17 June 2025, the Company completed a £5 million fundraising.”
• “On 27 June 2025 the Company announced that it had launched its Second Secured Convertible Loan Note Offering in the United States... for a minimum of £100,000,000 with a conversion price of £0.01 (one penny) per share”
• “Subsequent to the reporting date, the Company entered into a partnership with Tiger Royalties and Investments plc, whereby Tao Alpha is managing the Tiger Alpha subnet on the TAO network. The subnet is generating in excess of six TAO per day, representing a monthly revenue run rate of approximately USD 70,000.”
• “The Company also announced that its conversational gaming platform and AI-based avatar platform will each be launched in the coming months on their own dedicated TAO subnets.”
• “Following the balance sheet date, the Company submitted a formal application for admission to the OTCQB market in the United States.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

6

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.