Non-current

During the year, Jack Kaye, the Company’s Chief Executive Officer, has paid on behalf of the Company, costs totalling €1,130,950 (2023: €4,631,670) in order for the Company to meet its obligations.

On June 30, 2024, all amounts payable to Jack Kaye up to that date were converted to Ordinary Shares at a conversion ratio of 1 ordinary share for the equivalent of every $10 owed. There was no balance owed for advances from related parties as of December 31, 2024. Other creditors also converted amounts owed to them to equity on the same ratio, leaving a balance of €39,756 owed as of December 31, 2024.