| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2025-11-21 | £21.9M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| CCO TRADING LIMITEDCORP | PREFERENCE | 21,881,290 | 99.6% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
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Capital raised per employee divides the equity XERCISE2 LIMITED raised in the last six months by the headcount in its most recent filed accounts. It is a rough read on how capital-intensive the business is: a high figure means the company is raising a lot relative to the number of people it employs, which is typical of hardware, biotech and other research-heavy businesses. Headcount comes from annual accounts and so lags the funding date, often by a year or more.
A share class is a category of shares carrying its own rights over voting, dividends and what happens to the money if the company is sold or wound up. UK companies typically issue Ordinary shares to founders and employees, then create a new Preferred class at each funding round, giving investors priority on proceeds ahead of the Ordinary holders. XERCISE2 LIMITED has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
EACH SHARE IS ENTITLED TO A DIVIDEND AND/OR DISTRIBUTION COMPRISING THE A SHARE RESERVE AND A RETURN OF CAPITAL. THESE SHARES HAVE ONE VOTE FOR EVERY SHARE AND ARE NON-REDEEMABLE.
THE ORDINARY SHARES CARRY VOTING RIGHTS. THE ORDINARY SHARES ARE ENTITLED TO ANY DISTRIBUTION OTHER THAN A DISTRIBUTION OUT OF A DESIGNATED SHARE RESERVE OR SPECIFIED SHARE RESERVE, ON A RETURN OF CAPITAL, THE ORDINARY SHAREHOLDERS ARE ENTITLED TO THE BALANCE (IF ANY) OF ASSETS REMAINING AFTER THE DISTRIBUTION TO THE DESIGNATED SHAREHOLDERS OF THE DESIGNATED SHARE RESERVES AND TO THE SPECIFIED SHAREHOLDERS OF THE SPECIFIED SHARE RESERVES.
EACH SHARE HAS PREFERRED DIVIDEND RIGHTS AND THE RIGHT TO REDEMPTION AT THE OPTION OF THE COMPANY. THERE ARE NO VOTING OR PARTICIPATION RIGHTS ATTACHED TO THESE SHARES.
These are the directors and secretaries who have left XERCISE2 LIMITED. A resignation is filed with Companies House on form TM01 and the date below is the date the officer's appointment ended, not the date it was filed. Departures matter for reading a company's history: a founder leaving shortly after a funding round, or several directors resigning at once, is often the visible trace of a change of control or a restructure.