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Subject: =?utf-8?Q?Last=20chance=20to=20back=20Ponda=20on=20Republic=20Europe=20|=2099%=20funded=20&=20closing=20soon?=
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View in browser (https://mailchi.mp/republic.com/segmenttt-10121806-vlyj2f=
r5t0-10123455?e=3D423302c432)
Don't invest unless you're prepared to lose all the money you invest. This=
is a high risk investment and you are unlikely to be protected if somethi=
ng goes wrong. Take 2 mins to learn more (https://www.seedrs.com/pages/ris=
k-warnings?mc_cid=3D74dffbf126&mc_eid=3DUNIQID)
https://europe.republic.com/ponda?mc_cid=3D74dffbf126&mc_eid=3DUNIQID
https://europe.republic.com/ponda?mc_cid=3D74dffbf126&mc_eid=3DUNIQID
** CLOSING SOON
Ponda
------------------------------------------------------------
Ponda=E2=80=99s crowdfunding campaign is closing soon! Currently at 99% of=
its =C2=A31.4m target=2C with 150+ investors committing over =C2=A31.39m=
and only 4 days left.
Based in Bristol=2C United Kingdom=2C Ponda is a biomaterials company deve=
loping BioPuff=C2=AE=2C a premium plant-based textile insulation made from=
wetland plants. Tackling fashion's reliance on oil-based fills and animal=
down=2C Ponda restores wetlands while securing rural livelihoods.
This is your opportunity to join their VC-backed seed round and support th=
e future of fashion.
Learn more about this exciting campaign below =F0=9F=91=87
PREVIEW PITCH (https://europe.republic.com/ponda?mc_cid=3D74dffbf126&mc_ei=
d=3DUNIQID)
=F0=9F=9A=80 TRACTION & MILESTONES
* Strong Backing & Funding: Secured =C2=A32.7m+ in grants and VC funding.
* Proven Brand Demand & Collaborations: Generated 200+ brand enquiries; wo=
rked with Stella McCartney=2C Sheep Inc=2C and Ahluwalia=2C with Berghaus=
engaged through partnerships and LOIs.
* Supply Chain & Validation: Built a multi-country supply chain and valida=
ted BioPuff=C2=AE=E2=80=99s thermal performance.
* High-Profile Recognition: Won the H&M Foundation Changemaker Award=2C ea=
rned PETA recognition=2C featured in Vogue Business and the BBC=2C and sho=
wcased to King Charles III in March 2026.
=F0=9F=93=88 MARKET POTENTIAL
* Massive Market Opportunity: Targeting a =C2=A31tn apparel industry=2C wh=
ere warmth still depends heavily on oil-based fills and animal down.
* Driven by Regulation & Brand Demand: As regulations tighten=2C brands ar=
e actively seeking scalable=2C sustainable alternatives.
* High-Performance Solution: BioPuff=C2=AE delivers a high-performance=2C=
plant-based insulation alternative.
* Regenerative Supply Chain: Built on a carbon-capturing wetland agricultu=
ral supply chain that actively restores natural wetlands while securing ru=
ral livelihoods.
=F0=9F=92=B0 USE OF FUNDS
The funds raised in this VC-backed seed round will be used to:
* Scale up manufacturing (40%)
* Drive go-to-market and eco-corporate merchandise (25%)
* Build a world-leading large-scale demonstrator (20%)
* Advance R&D (15%)
This enables Ponda to move from pilot to commercial scale and unlock large=
r contracts.
PREVIEW PITCH (https://europe.republic.com/ponda?mc_cid=3D74dffbf126&mc_ei=
d=3DUNIQID)
https://europe.republic.com/ponda?mc_cid=3D74dffbf126&mc_eid=3DUNIQID
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
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=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
** Twitter (https://x.com/join_r_europe?mc_cid=3D74dffbf126&mc_eid=3DUNIQI=
D)
** LinkedIn (https://www.linkedin.com/company/republiceurope?mc_cid=3D74df=
fbf126&mc_eid=3DUNIQID)
** Seedrs (https://europe.republic.com/?mc_cid=3D74dffbf126&mc_eid=3DUNIQI=
D)
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id=3DUNIQID)
Investing involves risks=2C including the risk of partial or entire loss o=
f capital=2C illiquidity=2C lack of dividends and dilution=2C and should b=
e done only as part of a diversified portfolio. Your investment is not cov=
ered by a deposit guarantee scheme or by an investor compensation and sche=
me. Please read the ** Risk Warnings (https://europe.republic.com/pages/ri=
sk-warnings?mc_cid=3Db360eca8b7&mc_eid=3De15797e067&mc_cid=3D74dffbf126&mc=
_eid=3DUNIQID)
before investing. Investments should only be made by investors who underst=
and these risks. Tax treatment depends on individual circumstances and is=
subject to change in future. Republic Europe does not make investment rec=
ommendations to you and any investment decision should be made on the basi=
s of the full campaign. No communications from Republic Europe=2C through=
email or any other medium=2C should be construed as an investment recomme=
ndation.
This financial promotion and marketing communication has been approved by=
Seedrs Limited=2C authorised and regulated by the Financial Conduct Autho=
rity and Seedrs Europe Limited regulated by the Central Bank of Ireland bo=
th trading as Republic Europe=2C on 20 May 2026.
=C2=A9 Seedrs Limited 2026. All rights reserved. Republic Europe is a regi=
stered European Community trademark (No. 008771537)=2C registered United K=
ingdom trademark (No. UK00908771537) and registered United States service=
mark (No. 85423072). Seedrs Europe Limited is a private company limited b=
y shares registered in Ireland (No. 699574)=2C with registered office at 4=
2=2C Pearse Street=2C Dublin 2=2C D02 YX88=2C Ireland. Seedrs Limited is a=
limited company registered in England and Wales (No. 06848016)=2C with re=
gistered office at Cubo Soho=2C Ilona Rose House=2C Manette Street=2C Lond=
on W1D 4AL=2C United Kingdom=2C VAT No. GB 208 3065 32.
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}</style><!--[if !mso]><!--><link href=3D"https://fonts.googleapis.com/cs=
s?family=3DLato:400=2C400i=2C700=2C700i" rel=3D"stylesheet"><!--<![endif]=
--></head>
<body style=3D"height: 100%;margin: 0;padding: 0;width: 100%;-ms-text-=
size-adjust: 100%;-webkit-text-size-adjust: 100%;background-color: #FAFAFA=
;">
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-->
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=3D"display:none; font-size:0px; line-height:0px; max-height:0px; max-widt=
h:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">Join=
150+ investors supporting this biomaterials company=2C with over =C2=A31.=
39m committed</span><!--<![endif]-->
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<center>
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspa=
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yle=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-te=
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=3D"0" width=3D"100%" class=3D"templateContainer" style=3D"border-collapse=
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" style=3D"background:#fafafa none no-repeat center/cover;mso-line-height-=
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ckground-color: #fafafa;background-image: none;background-repeat: no-repea=
t;background-position: center;background-size: cover;border-top: 0;border-=
bottom: 0;padding-top: 9px;padding-bottom: 9px;"><table border=3D"0" cellp=
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pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding: 0px 18px 9px;color: #222F39;font-family: Lato=2C "Helvet=
ica Neue"=2C Helvetica=2C Arial=2C sans-serif;mso-line-height-rule: e=
xactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-brea=
k: break-word;font-size: 12px;line-height: 150%;text-align: left;">
<div style=3D"text-align: right;"> <span=
style=3D"font-size:12px"><span style=3D"font-family:lato=2Chelvetica neue=
=2Chelvetica=2Carial=2Csans-serif"> <a href=3D"https://mailchi.mp/re=
public.com/segmenttt-10121806-vlyj2fr5t0-10123455?e=3D423302c432" target=3D"=
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ation: underline;">View in browser</a></span></span></div>
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=09=09=09=09</table>
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00%" class=3D"mcnBoxedTextBlock" style=3D"min-width: 100%;border-collapse:=
collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust=
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<!--[if gte mso 9]>
=09<table align=3D"center" border=3D"0" cellspacing=3D"0" cellpadding=3D"0=
" width=3D"100%">
=09<![endif]-->
=09<tbody class=3D"mcnBoxedTextBlockOuter">
<tr>
<td valign=3D"top" class=3D"mcnBoxedTextBlockInner" style=3D"m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;">
=09=09=09=09<!--[if gte mso 9]>
=09=09=09=09<td align=3D"center" valign=3D"top" ">
=09=09=09=09<![endif]-->
<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;float: left;" class=3D"mcnBoxedTextConten=
tContainer">
<tbody><tr>
<td style=3D"padding-top: 9px;padding-left: 18px;p=
adding-bottom: 9px;padding-right: 18px;mso-line-height-rule: exactly;-ms-t=
ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<table border=3D"0" cellspacing=3D"0" class=3D=
"mcnTextContentContainer" width=3D"100%" style=3D"min-width: 100% !importa=
nt;background-color: #E0E0E0;border-collapse: collapse;mso-table-lspace: 0=
pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adju=
st: 100%;">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextCon=
tent" style=3D"padding: 18px;color: #222222;font-family: Helvetica;font-si=
ze: 14px;font-weight: normal;text-align: center;mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-break:=
break-word;line-height: 150%;">
<div style=3D"text-align: left;"><=
span style=3D"font-family:helvetica neue=2Chelvetica=2Carial=2Cverdana=2Cs=
ans-serif"><strong>Don't invest unless you're prepared to lose all the mon=
ey you invest. This is a high risk investment and you are unlikely to be p=
rotected if something goes wrong. <a href=3D"https://us.list-manage.com/1C=
duG96VYjn?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" target=3D"_blank" style=
=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;color: #222222;font-weight: bold;text-decoration: underl=
ine;">Take 2 mins to learn more</a></strong></span></div>
</td>
</tr>
</tbody></table>
</td>
</tr>
</tbody></table>
=09=09=09=09<!--[if gte mso 9]>
=09=09=09=09</td>
=09=09=09=09<![endif]-->
=09=09=09=09<!--[if gte mso 9]>
</tr>
</table>
=09=09=09=09<![endif]-->
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</tr>
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</table></td>
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<tr>
<td valign=3D"top" id=3D"templateHeader" s=
tyle=3D"background:#FFFFFF none no-repeat center/cover;mso-line-height-rul=
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round-color: #FFFFFF;background-image: none;background-repeat: no-repeat;b=
ackground-position: center;background-size: cover;border-top: 0;border-bot=
tom: 0;padding-top: 9px;padding-bottom: 0;"><table border=3D"0" cellpaddin=
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<tbody class=3D"mcnImageBlockOuter">
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<td valign=3D"top" style=3D"padding: 9px;mso-line-height-r=
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lass=3D"mcnImageBlockInner">
<table align=3D"left" width=3D"100%" border=3D"0" cell=
padding=3D"0" cellspacing=3D"0" class=3D"mcnImageContentContainer" style=
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float: left;">
<tbody><tr>
<td class=3D"mcnImageContent" valign=3D"top" s=
tyle=3D"padding-right: 9px;padding-left: 9px;padding-top: 0;padding-bottom=
: 0;text-align: center;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
<a href=3D"https://us.list-manage.com/=
Kq5q_vWYjmQ?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" title=3D"" class=3D"" t=
arget=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adju=
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<img align=3D"center" alt=3D"" src=
=3D"https://mcusercontent.com/b211206c49ae6c040bfb8ae74/images/9e60fc3f-b3=
e3-ac8d-5f1b-2378624c0e9e.png" width=3D"180.48" style=3D"max-width: 1200px=
;padding-bottom: 0px;vertical-align: bottom;display: inline !important;bor=
der-radius: 0%;border: 0;height: auto;outline: none;text-decoration: none;=
-ms-interpolation-mode: bicubic;" class=3D"mcnRetinaImage">
</a>
</td>
</tr>
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</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td valign=3D"top" id=3D"templateBody" sty=
le=3D"background:#ffffff none no-repeat center/cover;mso-line-height-rule:=
exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;backgro=
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kground-position: center;background-size: cover;border-top: 0;border-botto=
m: 0;padding-top: 9px;padding-bottom: 0px;"><table border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"100%" class=3D"mcnImageBlock" style=3D"=
min-width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-=
rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnImageBlockOuter">
<tr>
<td valign=3D"top" style=3D"padding: 9px;mso-line-height-r=
ule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" c=
lass=3D"mcnImageBlockInner">
<table align=3D"left" width=3D"100%" border=3D"0" cell=
padding=3D"0" cellspacing=3D"0" class=3D"mcnImageContentContainer" style=
=3D"min-width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-ta=
ble-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;=
float: left;">
<tbody><tr>
<td class=3D"mcnImageContent" valign=3D"top" s=
tyle=3D"padding-right: 9px;padding-left: 9px;padding-top: 0;padding-bottom=
: 0;text-align: center;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
<a href=3D"https://us.list-manage.com/=
z8WOOUxofhk?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" title=3D"" class=3D"" t=
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st: 100%;-webkit-text-size-adjust: 100%;">
<img align=3D"center" alt=3D"" src=
=3D"https://mcusercontent.com/b211206c49ae6c040bfb8ae74/images/acdb41b2-8a=
0a-65fc-0a80-fb76b91566a4.jpg" width=3D"564" style=3D"max-width: 2074px;pa=
dding-bottom: 0;display: inline !important;vertical-align: bottom;border:=
0;height: auto;outline: none;text-decoration: none;-ms-interpolation-mode=
: bicubic;" class=3D"mcnImage">
</a>
</td>
</tr>
</tbody></table>
</td>
</tr>
</tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnTextBlockOuter">
<tr>
<td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
=09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" width=3D"100%" style=3D"width:100%;">
=09=09=09=09<tr>
=09=09=09=09<![endif]-->
=09=09=09
=09=09=09=09<!--[if mso]>
=09=09=09=09<td valign=3D"top" width=3D"600" style=3D"width:600px;">
=09=09=09=09<![endif]-->
<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding: 0px 18px 9px;color: #222F39;font-family: Lato=2C "Helvet=
ica Neue"=2C Helvetica=2C Arial=2C sans-serif;mso-line-height-rule: e=
xactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-brea=
k: break-word;font-size: 16px;line-height: 150%;text-align: left;">
<h1 style=3D"display: block;margin: 0;padding:=
0;color: #202020;font-family: 'Lato'=2C 'Helvetica Neue'=2C Helvetica=2C=
Arial=2C sans-serif;font-size: 26px;font-style: normal;font-weight: bold;=
line-height: 125%;letter-spacing: normal;text-align: left;"><span style=3D=
"font-family:helvetica neue=2Chelvetica=2Carial=2Cverdana=2Csans-serif"><s=
pan style=3D"color:#0049ff"><span style=3D"font-size:16px">CLOSING SOON</s=
pan></span></span><br>
<span style=3D"font-family:helvetica neue=2Chelvetica=2Carial=2Cverdana=2C=
sans-serif"><span style=3D"font-size:38px">Ponda</span></span></h1>
</td>
</tr>
</tbody></table>
=09=09=09=09<!--[if mso]>
=09=09=09=09</td>
=09=09=09=09<![endif]-->
=09=09=09=09<!--[if mso]>
=09=09=09=09</tr>
=09=09=09=09</table>
=09=09=09=09<![endif]-->
</td>
</tr>
</tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnTextBlockOuter">
<tr>
<td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
=09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" width=3D"100%" style=3D"width:100%;">
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=09=09=09=09<![endif]-->
=09=09=09
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=09=09=09=09<td valign=3D"top" width=3D"600" style=3D"width:600px;">
=09=09=09=09<![endif]-->
<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #202020;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">
<p data-path-to-node=3D"2" style=3D"margin: 10=
px 0;padding: 0;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;color: #202020;font-family: Helvetica;font-s=
ize: 16px;line-height: 150%;text-align: left;"><span style=3D"font-size:14=
px"><span style=3D"font-family:helvetica neue=2C helvetica=2C arial=2C ver=
dana=2C sans-serif">Ponda=E2=80=99s crowdfunding campaign is closing soon!=
Currently at 99% of its =C2=A31.4m target=2C with 150+ investors com=
mitting over =C2=A31.39m and only 4 days left.</span></span></p>
<p data-path-to-node=3D"3" style=3D"margin: 10px 0;padding: 0;mso-line-hei=
ght-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;color: #202020;font-family: Helvetica;font-size: 16px;line-height: 150%;=
text-align: left;"><span style=3D"font-size:14px"><span style=3D"font-fami=
ly:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">Based in=
Bristol=2C United Kingdom=2C Ponda is a biomaterials company developing B=
ioPuff=C2=AE=2C a premium plant-based textile insulation made from we=
tland plants. Tackling fashion's reliance on oil-based fills and animal do=
wn=2C Ponda restores wetlands while securing rural livelihoods.</span></sp=
an></p>
<p data-path-to-node=3D"4" style=3D"margin: 10px 0;padding: 0;mso-line-hei=
ght-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;color: #202020;font-family: Helvetica;font-size: 16px;line-height: 150%;=
text-align: left;"><span style=3D"font-size:14px"><span style=3D"font-fami=
ly:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">This is=
your opportunity to join their VC-backed seed round and support the futur=
e of fashion.</span></span></p>
<p data-path-to-node=3D"5" style=3D"margin: 10px 0;padding: 0;mso-line-hei=
ght-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;color: #202020;font-family: Helvetica;font-size: 16px;line-height: 150%;=
text-align: left;"><span style=3D"font-size:14px"><span style=3D"font-fami=
ly:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">Learn mo=
re about this exciting campaign below =F0=9F=91=87</span></span></p>
</td>
</tr>
</tbody></table>
=09=09=09=09<!--[if mso]>
=09=09=09=09</td>
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnButtonBlock" style=3D"min-width: 100%;border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnButtonBlockOuter">
<tr>
<td style=3D"padding-top: 0;padding-right: 18px;padding-bottom=
: 18px;padding-left: 18px;mso-line-height-rule: exactly;-ms-text-size-adju=
st: 100%;-webkit-text-size-adjust: 100%;" valign=3D"top" align=3D"center"=
class=3D"mcnButtonBlockInner">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" cl=
ass=3D"mcnButtonContentContainer" style=3D"border-collapse: separate !impo=
rtant;border: 3px #56508E;border-radius: 3px;background-color: #0049FF;mso=
-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
<tbody>
<tr>
<td align=3D"center" valign=3D"middle" class=
=3D"mcnButtonContent" style=3D"font-family: "Helvetica Neue"=2C=
Helvetica=2C Arial=2C Verdana=2C sans-serif;font-size: 16px;padding: 14px=
;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-siz=
e-adjust: 100%;">
<a class=3D"mcnButton " title=3D"PREVIEW P=
ITCH" href=3D"https://us.list-manage.com/11dJobq1rEA?e=3D423302c432&c2id=
=3D581d6e3809a08bc7b8f50f883f98c62e" target=3D"_blank" style=3D"font-weight: normal;letter-s=
pacing: 1px;line-height: 100%;text-align: center;text-decoration: none;col=
or: #FFFFFF;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webk=
it-text-size-adjust: 100%;display: block;">PREVIEW PITCH</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnDividerBlock" style=3D"min-width: 100%;border-collapse: c=
ollapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;table-layout: fixed !important;">
<tbody class=3D"mcnDividerBlockOuter">
<tr>
<td class=3D"mcnDividerBlockInner" style=3D"min-width: 100%;pa=
dding: 18px 18px 24px;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
<table class=3D"mcnDividerContent" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-t=
op: 2px solid #E0E0E0;border-collapse: collapse;mso-table-lspace: 0pt;mso-=
table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;">
<tbody><tr>
<td style=3D"mso-line-height-rule: exactly;-ms-tex=
t-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<span></span>
</td>
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</tbody></table>
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or:none; border-left-color:none; border-right-color:none; border-bottom-wi=
dth:0; border-left-width:0; border-right-width:0; margin-top:0; margin-rig=
ht:0; margin-bottom:0; margin-left:0;" />
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnTextBlockOuter">
<tr>
<td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
=09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" width=3D"100%" style=3D"width:100%;">
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=09=09=09=09<![endif]-->
=09=09=09
=09=09=09=09<!--[if mso]>
=09=09=09=09<td valign=3D"top" width=3D"600" style=3D"width:600px;">
=09=09=09=09<![endif]-->
<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #202020;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">
<div style=3D"font-family: "helvetica neu=
e"=2C helvetica=2C arial=2C verdana=2C sans-serif;"><strong>=F0=9F=9A=
=80 </strong><strong style=3D"color: #0049FF;font-size: 16px;">TRACTION &a=
mp; MILESTONES</strong>
<ul>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"9=2C0=2C0" style=3D"margin: 10px 0;padding: 0;m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-he=
ight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"9=2C0=2C0">Stro=
ng Backing & Funding:</strong> Secured =C2=A32.7m+ in grants and VC fu=
nding.</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"9=2C1=2C0" style=3D"margin: 10px 0;padding: 0;m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-he=
ight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"9=2C1=2C0">Prov=
en Brand Demand &</strong><strong data-index-in-node=3D"0" data-path-t=
o-node=3D"9=2C2=2C0"> Collaborations:</strong> Generated 200+ brand enquir=
ies; worked with Stella McCartney=2C Sheep Inc=2C and Ahluwalia=2C with Be=
rghaus engaged through partnerships and LOIs.</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"9=2C3=2C0" style=3D"margin: 10px 0;padding: 0;m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-he=
ight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"9=2C3=2C0">Supp=
ly Chain & Validation:</strong> Built a multi-country supply chain and=
validated BioPuff=C2=AE=E2=80=99s thermal performance.</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"9=2C4=2C0" style=3D"margin: 10px 0;padding: 0;m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-he=
ight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"9=2C4=2C0">High=
-Profile Recognition:</strong> Won the H&M Foundation Changemaker Awar=
d=2C earned PETA recognition=2C featured in Vogue Business and the BBC=2C=
and showcased to King Charles III in March 2026.</span></span></p>
=09</li>
</ul>
</div>
</td>
</tr>
</tbody></table>
=09=09=09=09<!--[if mso]>
=09=09=09=09</td>
=09=09=09=09<![endif]-->
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=09=09=09=09<![endif]-->
</td>
</tr>
</tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnDividerBlock" style=3D"min-width: 100%;border-collapse: c=
ollapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;table-layout: fixed !important;">
<tbody class=3D"mcnDividerBlockOuter">
<tr>
<td class=3D"mcnDividerBlockInner" style=3D"min-width: 100%;pa=
dding: 18px 18px 24px;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
<table class=3D"mcnDividerContent" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-t=
op: 2px solid #E0E0E0;border-collapse: collapse;mso-table-lspace: 0pt;mso-=
table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;">
<tbody><tr>
<td style=3D"mso-line-height-rule: exactly;-ms-tex=
t-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<span></span>
</td>
</tr>
</tbody></table>
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or:none; border-left-color:none; border-right-color:none; border-bottom-wi=
dth:0; border-left-width:0; border-right-width:0; margin-top:0; margin-rig=
ht:0; margin-bottom:0; margin-left:0;" />
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnTextBlockOuter">
<tr>
<td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
=09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" width=3D"100%" style=3D"width:100%;">
=09=09=09=09<tr>
=09=09=09=09<![endif]-->
=09=09=09
=09=09=09=09<!--[if mso]>
=09=09=09=09<td valign=3D"top" width=3D"600" style=3D"width:600px;">
=09=09=09=09<![endif]-->
<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #202020;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">
<div style=3D"font-family: "helvetica neu=
e"=2C helvetica=2C arial=2C verdana=2C sans-serif;">=F0=9F=93=88<span=
style=3D"color:#0049ff"><span style=3D"font-size:16px"><strong> MARK=
ET POTENTIAL</strong></span></span>
<ul>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"12=2C0=2C0" style=3D"margin: 10px 0;padding: 0;=
mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size=
-adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-h=
eight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"12=2C0=2C0">Mas=
sive Market Opportunity: </strong>Targeting a =C2=A31tn apparel=
industry=2C where warmth still depends heavily on oil-based fills and ani=
mal down.</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"12=2C1=2C0" style=3D"margin: 10px 0;padding: 0;=
mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size=
-adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-h=
eight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"12=2C1=2C0">Dri=
ven by Regulation & Brand Demand:</strong> As regulations tighten=
=2C brands are actively seeking scalable=2C sustainable alternatives.</spa=
n></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"12=2C2=2C0" style=3D"margin: 10px 0;padding: 0;=
mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size=
-adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-h=
eight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"12=2C2=2C0">Hig=
h-Performance Solution:</strong> BioPuff=C2=AE delivers a high-performance=
=2C plant-based insulation alternative.</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"12=2C3=2C0" style=3D"margin: 10px 0;padding: 0;=
mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size=
-adjust: 100%;color: #202020;font-family: Helvetica;font-size: 16px;line-h=
eight: 150%;text-align: left;"><span style=3D"font-size:14px"><span style=
=3D"font-family:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-se=
rif"><strong data-index-in-node=3D"0" data-path-to-node=3D"12=2C3=2C0">Reg=
enerative Supply Chain:</strong> Built on a carbon-capturing wetland agric=
ultural supply chain that actively restores natural wetlands while securin=
g rural livelihoods.</span></span></p>
=09</li>
</ul>
</div>
</td>
</tr>
</tbody></table>
=09=09=09=09<!--[if mso]>
=09=09=09=09</td>
=09=09=09=09<![endif]-->
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</td>
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</tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnDividerBlock" style=3D"min-width: 100%;border-collapse: c=
ollapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;table-layout: fixed !important;">
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dding: 18px 18px 24px;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
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%;">
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t-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
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ht:0; margin-bottom:0; margin-left:0;" />
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00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnTextBlockOuter">
<tr>
<td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
=09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" width=3D"100%" style=3D"width:100%;">
=09=09=09=09<tr>
=09=09=09=09<![endif]-->
=09=09=09
=09=09=09=09<!--[if mso]>
=09=09=09=09<td valign=3D"top" width=3D"600" style=3D"width:600px;">
=09=09=09=09<![endif]-->
<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
<tbody><tr>
<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding: 0px 18px 9px;color: #222222;font-family: "Helvetica Neue=
"=2C Helvetica=2C Arial=2C Verdana=2C sans-serif;font-size: 14px;text=
-align: left;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-web=
kit-text-size-adjust: 100%;word-break: break-word;line-height: 150%;">
<div style=3D"font-family: "helvetica neu=
e"=2C helvetica=2C arial=2C verdana=2C sans-serif;">
<p style=3D"color: #222222;font-family: "Helvetica Neue"=2C Helv=
etica=2C Arial=2C Verdana=2C sans-serif;font-size: 14px;text-align: left;m=
argin: 10px 0;padding: 0;mso-line-height-rule: exactly;-ms-text-size-adjus=
t: 100%;-webkit-text-size-adjust: 100%;line-height: 150%;"><strong>=F0=9F=
=92=B0 </strong><strong style=3D"color: #0049FF;font-size: 16px;">USE OF F=
UNDS</strong></p>
</div>
<p data-path-to-node=3D"15" style=3D"color: #222222;font-family: "Hel=
vetica Neue"=2C Helvetica=2C Arial=2C Verdana=2C sans-serif;font-size=
: 14px;text-align: left;margin: 10px 0;padding: 0;mso-line-height-rule: ex=
actly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;line-heigh=
t: 150%;"><span style=3D"font-size:14px"><span style=3D"font-family:helvet=
ica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">The funds raised=
in this VC-backed seed round will be used to:</span></span></p>
<ul data-path-to-node=3D"16">
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"16=2C0=2C0" style=3D"color: #222222;font-family=
: "Helvetica Neue"=2C Helvetica=2C Arial=2C Verdana=2C sans-seri=
f;font-size: 14px;text-align: left;margin: 10px 0;padding: 0;mso-line-heig=
ht-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%=
;line-height: 150%;"><span style=3D"font-size:14px"><span style=3D"font-fa=
mily:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">Scale=
up manufacturing (40%)</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"16=2C1=2C0" style=3D"color: #222222;font-family=
: "Helvetica Neue"=2C Helvetica=2C Arial=2C Verdana=2C sans-seri=
f;font-size: 14px;text-align: left;margin: 10px 0;padding: 0;mso-line-heig=
ht-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%=
;line-height: 150%;"><span style=3D"font-size:14px"><span style=3D"font-fa=
mily:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">Drive=
go-to-market and eco-corporate merchandise (25%)</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"16=2C2=2C0" style=3D"color: #222222;font-family=
: "Helvetica Neue"=2C Helvetica=2C Arial=2C Verdana=2C sans-seri=
f;font-size: 14px;text-align: left;margin: 10px 0;padding: 0;mso-line-heig=
ht-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%=
;line-height: 150%;"><span style=3D"font-size:14px"><span style=3D"font-fa=
mily:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">Build=
a world-leading large-scale demonstrator (20%)</span></span></p>
=09</li>
=09<li style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-=
webkit-text-size-adjust: 100%;">
=09<p data-path-to-node=3D"16=2C3=2C0" style=3D"color: #222222;font-family=
: "Helvetica Neue"=2C Helvetica=2C Arial=2C Verdana=2C sans-seri=
f;font-size: 14px;text-align: left;margin: 10px 0;padding: 0;mso-line-heig=
ht-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%=
;line-height: 150%;"><span style=3D"font-size:14px"><span style=3D"font-fa=
mily:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">Advanc=
e R&D (15%)</span></span></p>
=09</li>
</ul>
<p data-path-to-node=3D"17" style=3D"color: #222222;font-family: "Hel=
vetica Neue"=2C Helvetica=2C Arial=2C Verdana=2C sans-serif;font-size=
: 14px;text-align: left;margin: 10px 0;padding: 0;mso-line-height-rule: ex=
actly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;line-heigh=
t: 150%;"><span style=3D"font-size:14px"><span style=3D"font-family:helvet=
ica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">This enables Pond=
a to move from pilot to commercial scale and unlock larger contracts.</spa=
n></span></p>
</td>
</tr>
</tbody></table>
=09=09=09=09<!--[if mso]>
=09=09=09=09</td>
=09=09=09=09<![endif]-->
=09=09=09=09<!--[if mso]>
=09=09=09=09</tr>
=09=09=09=09</table>
=09=09=09=09<![endif]-->
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</tr>
</tbody>
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00%" class=3D"mcnButtonBlock" style=3D"min-width: 100%;border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
<tbody class=3D"mcnButtonBlockOuter">
<tr>
<td style=3D"padding-top: 0;padding-right: 18px;padding-bottom=
: 18px;padding-left: 18px;mso-line-height-rule: exactly;-ms-text-size-adju=
st: 100%;-webkit-text-size-adjust: 100%;" valign=3D"top" align=3D"center"=
class=3D"mcnButtonBlockInner">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" cl=
ass=3D"mcnButtonContentContainer" style=3D"border-collapse: separate !impo=
rtant;border: 3px #56508E;border-radius: 3px;background-color: #0049FF;mso=
-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
<tbody>
<tr>
<td align=3D"center" valign=3D"middle" class=
=3D"mcnButtonContent" style=3D"font-family: "Helvetica Neue"=2C=
Helvetica=2C Arial=2C Verdana=2C sans-serif;font-size: 16px;padding: 14px=
;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-siz=
e-adjust: 100%;">
<a class=3D"mcnButton " title=3D"PREVIEW P=
ITCH" href=3D"https://us.list-manage.com/17vzagORyXR?e=3D423302c432&c2id=
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pacing: 1px;line-height: 100%;text-align: center;text-decoration: none;col=
or: #FFFFFF;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webk=
it-text-size-adjust: 100%;display: block;">PREVIEW PITCH</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
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100%;-webkit-text-size-adjust: 100%;table-layout: fixed !important;">
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dding: 18px 18px 24px;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
<table class=3D"mcnDividerContent" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-t=
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table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;">
<tbody><tr>
<td style=3D"mso-line-height-rule: exactly;-ms-tex=
t-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<span></span>
</td>
</tr>
</tbody></table>
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</tr>
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<td valign=3D"top" style=3D"padding: 9px;mso-line-height-r=
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lass=3D"mcnImageBlockInner">
<table align=3D"left" width=3D"100%" border=3D"0" cell=
padding=3D"0" cellspacing=3D"0" class=3D"mcnImageContentContainer" style=
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ble-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;=
float: left;">
<tbody><tr>
<td class=3D"mcnImageContent" valign=3D"top" s=
tyle=3D"padding-right: 9px;padding-left: 9px;padding-top: 0;padding-bottom=
: 0;text-align: center;mso-line-height-rule: exactly;-ms-text-size-adjust:=
100%;-webkit-text-size-adjust: 100%;">
<a href=3D"https://us.list-manage.com/=
A1bFUEDjXm0?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" title=3D"" class=3D"" t=
arget=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adju=
st: 100%;-webkit-text-size-adjust: 100%;">
<img align=3D"center" alt=3D"" src=
=3D"https://mcusercontent.com/b211206c49ae6c040bfb8ae74/images/24faa68d-0f=
e7-88f3-fcf6-14d5c9489baa.jpg" width=3D"564" style=3D"max-width: 746px;pad=
ding-bottom: 0;display: inline !important;vertical-align: bottom;border: 0=
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bicubic;" class=3D"mcnImage">
</a>
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</tr>
<tr>
<td valign=3D"top" id=3D"templateColumns"=
style=3D"background:#ffffff none no-repeat center/cover;mso-line-height-r=
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ottom: 2px solid #EAEAEA;padding-top: 0;padding-bottom: 9px;">
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<tr>
<td align=3D"center" valign=3D"top" wi=
dth=3D"300" style=3D"width:300px;">
<![endif]-->
<table align=3D"left" border=3D"0" cel=
lpadding=3D"0" cellspacing=3D"0" width=3D"300" class=3D"columnWrapper" sty=
le=3D"border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0p=
t;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;float: left;">
<tr>
<td valign=3D"top" class=3D"co=
lumnContainer" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust=
: 100%;-webkit-text-size-adjust: 100%;"></td>
</tr>
</table>
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<td align=3D"center" valign=3D"top" wi=
dth=3D"300" style=3D"width:300px;">
<![endif]-->
<table align=3D"left" border=3D"0" cel=
lpadding=3D"0" cellspacing=3D"0" width=3D"300" class=3D"columnWrapper" sty=
le=3D"border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0p=
t;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;float: left;">
<tr>
<td valign=3D"top" class=3D"co=
lumnContainer" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust=
: 100%;-webkit-text-size-adjust: 100%;"></td>
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round-color: #fafafa;background-image: none;background-repeat: no-repeat;b=
ackground-position: center;background-size: cover;border-top: 0;border-bot=
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e-adjust: 100%;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
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ace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-siz=
e-adjust: 100%;" class=3D"mcnFollowContent">
<tbody><tr>
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;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<table align=3D"center" border=3D"0" cellpadding=
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-adjust: 100%;">
<tbody><tr>
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size-adjust: 100%;">
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able-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%=
;float: left;">
<tbody><tr>
<td align=3D"center" v=
align=3D"top" class=3D"mcnFollowIconContent" style=3D"padding-right: 10px;=
padding-bottom: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;">
<a href=3D"https:/=
/us.list-manage.com/WkvfvSIVMuO?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" tar=
get=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust=
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</td>
</tr>
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</td>
<![endif]-->
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<td align=3D"center" valign=3D"top=
">
<![endif]-->
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e=3D"display: inline;border-collapse: collapse;mso-table-lspace: 0pt;mso-t=
able-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%=
;float: left;">
<tbody><tr>
<td align=3D"center" v=
align=3D"top" class=3D"mcnFollowIconContent" style=3D"padding-right: 10px;=
padding-bottom: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;">
<a href=3D"https:/=
/us.list-manage.com/secA8L_DYVp?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" tar=
get=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust=
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ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
<table border=3D"0" cellspacing=3D"0" class=3D=
"mcnTextContentContainer" width=3D"100%" style=3D"min-width: 100% !importa=
nt;background-color: #FFFFFF;border: 1px solid #7A8288;border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
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<td valign=3D"top" class=3D"mcnTextCon=
tent" style=3D"padding: 18px;color: #F2F2F2;font-family: Helvetica;font-si=
ze: 14px;font-weight: normal;text-align: center;mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-break:=
break-word;line-height: 150%;">
<div style=3D"text-align: left;"><=
span style=3D"color:#000000">Investing involves risks=2C including the ris=
k of partial or entire loss of capital=2C illiquidity=2C lack of dividends=
and dilution=2C and should be done only as part of a diversified portfoli=
o. Your investment is not covered by a deposit guarantee scheme or by an i=
nvestor compensation and scheme. Please read the </span><a href=3D"ht=
tps://us.list-manage.com/1ALTyyRnE3x?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e=
" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-a=
djust: 100%;-webkit-text-size-adjust: 100%;color: #56508e;font-weight: nor=
mal;text-decoration: underline;"><span style=3D"color:#4B0082">Risk Warnin=
gs</span></a><span style=3D"color:#0000CD"> </span><span style=3D"col=
or:#000000">before investing. Investments should only be made by investors=
who understand these risks. Tax treatment depends on individual circumsta=
nces and is subject to change in future. Republic Europe does not make inv=
estment recommendations to you and any investment decision should be made=
on the basis of the full campaign. No communications from Republic Europe=
=2C through email or any other medium=2C should be construed as an investm=
ent recommendation. </span></div>
</td>
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apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
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g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
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<table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;float: left;" width=3D"100%" class=3D"mc=
nTextContentContainer">
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<td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #656565;font-family: Helve=
tica;font-size: 12px;line-height: 150%;text-align: center;">
<div style=3D"text-align: left;"><span style=
=3D"color:#000000"><span style=3D"font-size:14px"><span style=3D"font-fami=
ly:helvetica neue=2C helvetica=2C arial=2C verdana=2C sans-serif">This fin=
ancial promotion and marketing communication has been approved by Seedrs L=
imited=2C authorised and regulated by the Financial Conduct Authority and=
Seedrs Europe Limited regulated by the Central Bank of Ireland both tradi=
ng as Republic Europe=2C on 20 May 2026.<br>
<br>
=C2=A9 Seedrs Limited 2026. All rights reserved. Republic Europe is a regi=
stered European Community trademark (No. 008771537)=2C registered United K=
ingdom trademark (No. UK00908771537) and registered United States service=
mark (No. 85423072). Seedrs Europe Limited is a private company limited b=
y shares registered in Ireland (No. 699574)=2C with registered office at 4=
2=2C Pearse Street=2C Dublin 2=2C D02 YX88=2C Ireland. Seedrs Limited is a=
limited company registered in England and Wales (No. 06848016)=2C with re=
gistered office at Cubo Soho=2C Ilona Rose House=2C Manette Street=2C Lond=
on W1D 4AL=2C United Kingdom=2C VAT No. GB 208 3065 32.</span></span></spa=
n><br>
<span style=3D"font-size:14px"><span style=3D"font-family:helvetica neue=
=2C helvetica=2C arial=2C verdana=2C sans-serif"><a href=3D"https://us.lis=
t-manage.com/UGM5R55qzv0?e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" target=3D"=
_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;color: #56508e;font-weight: normal;text-dec=
oration: underline;"><span style=3D"color:#4B0082">europe.republic.com</sp=
an></a></span></span><span style=3D"color:#000000"><span style=3D"font-siz=
e:14px"><span style=3D"font-family:helvetica neue=2C helvetica=2C arial=2C=
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e=3D423302c432&c2id=3D581d6e3809a08bc7b8f50f883f98c62e" target=3D"_blank" style=3D"mso-line=
-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust:=
100%;color: #56508e;font-weight: normal;text-decoration: underline;"> </a=
>is a website owned and operated by Seedrs Europe Limited and/or Seedrs Li=
mited (each trading as Republic Europe).<br>
<br>
This message and any attachments are confidential=2C and may be protected=
by legal privilege. Nothing in this message shall be considered an offer=
to sell=2C or a solicitation of an offer to buy=2C any security to any pe=
rson in any jurisdiction to whom or in which such offer=2C solicitation or=
sale is unlawful. Republic Europe does not provide legal=2C financial or=
tax advice of any kind=2C and nothing in this email constitutes such advi=
ce. If you have any questions with respect to legal=2C financial or tax ma=
tters relevant to your interactions with Republic Europe or its affiliates=
=2C you should consult a professional adviser.</span></span></span><br>
<br>
<span style=3D"font-family:helvetica neue=2Chelvetica=2Carial=2Cverdana=2C=
sans-serif"><span style=3D"font-size:14px"><span style=3D"color:#222f39">D=
on't want to receive any <strong>Featured Campaign Updates</strong>?</span=
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ule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;col=
or: #56508e;font-weight: normal;text-decoration: underline;"><span style=
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webkit-text-size-adjust: 100%;color: #56508e;font-weight: normal;text-deco=
ration: underline;"><span style=3D"color:#1b82e6">preferences centre</span=
><span style=3D"color:#7a8288">.</span></a></span></span></div>
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