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Update: Mollyroe to Buy AI-native Film Production Platform

MT Newswires·09/16/2026 23:33:01
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11:33 PM EDT, 09/16/2026 (MT Newswires) -- (Updates the number of placing and subscription shares in the second paragraph to reflect a company-issued correction) Mollyroe (MOY.AQ) said Tuesday it agreed to acquire artificial intelligence-native, end-to-end film production platform Cascade Holding for 4.7 million pounds sterling. The AI-focused investment company will settle the purchase by issuing 1,759,144,693 shares at 0.00266 pound apiece. The company also conditionally raised 1.9 million pounds through a placing and subscription of 725,563,898 shares at the same price. Mollyroe intends to rebrand as Cascade Studio AI upon completion of the acquisition, which is subject to shareholders' approval at a general meeting scheduled for Oct. 9.