Insig AI draws second tranche from convertible loan facility

Data science and machine learning specialist Insig AI announced the drawdown of a second tranche from a convertible loan facility on Wednesday.

The AIM-traded firm said it had drawn £0.26m from the convertible loan facility agreement provided by Richard Bernstein, as announced on 12 September.

“After this tranche, an amount of £0.39m remains available to be drawn down under the loan agreement,” the board said in its statement.

At 1118 BST, shares in Insig AI were down 3.57% at 20.25p.

Reporting by Josh White for Sharecast.com.