Replacement return of allotment (SH01)
Replacement SH01 used for the $58 Seed-era and $140.33 B2 allotments and the documented debt set-off.
Company evidence record
The reviewed Companies House filings identify VOLTA INFRASTRUCTURE HOLDINGS LIMITED as UK company 16953078, incorporated on 9 January 2026 and active at the evidence cutoff. The visible allotments move from $58 Seed-era shares through $400/$500 Strategic Preferred shares to $1,769.9115 Series A Preferred shares, a 30.5157x nominal subscription-price ratio. The priced allotments reconstructed in the article total $273,196,737.36, while at least $2 million of early Preferred consideration was satisfied by setting off debt already owed by Volta. Preferred holders receive contractual priority or as-converted proceeds before ordinary holders, but the filings do not map named investors to classes, reconcile the full $300 million headline or establish a fully diluted valuation.
30.5157x
Seed-to-Series-A price ratio
nominal subscription price
$273.20m
Visible priced consideration
reconstructed allotments
3
Visible price cohorts
$58, $400–$500 and $1,769.9115
Evidence library
Replacement SH01 used for the $58 Seed-era and $140.33 B2 allotments and the documented debt set-off.
SH01 used for the additional B2 ordinary allotment at the $140.33 price.
SH01 used for the June Strategic Preferred prices and the documented Deferred/Seed Preferred class change.
July SH01 used for the final Strategic Preferred allotment and the $1,769.9115 Series A price.
Articles used for the Preferred distribution waterfall, voting treatment and investor-consent boundaries.
Evidence boundary
Every finding stays tied to the reviewed documents. Transaction terms and ownership conclusions outside that record remain explicit limits.
The replacement return records 256,552 Preferred shares and 10,431 B2 ordinary shares at $58, plus 17,555 B2 ordinary shares at $140.33, for allotments dated from 28 April to 5 June 2026.
A separate SH01 adds 350 B2 ordinary shares at $140.33 on 12 June 2026.
The 25 June financing step records 8,000 Strategic Preferred shares at $400 and 155,000 at $500, alongside a class recapitalisation in which existing Preferred shares became Deferred shares and Seed Preferred shares appeared.
The July allotment adds 80,000 Strategic Preferred shares at $500 and 75,992 Series A Preferred shares at $1,769.9115 between 14 and 17 July 2026.
The adopted articles give Preferred holders the greater of their preference amount or as-converted proceeds before ordinary holders receive the remainder; Preferred votes as converted while B2 ordinary and Deferred shares are non-voting.
The reviewed filings do not map publicly named investors to the Seed, Strategic Preferred or Series A classes, share counts or prices.
The visible $273.20 million does not reconcile the rounded $300 million announcement to a complete subscription schedule, and the full headline must not be described as fresh cash.
The nominal price ladder does not establish a 30.5157x company-valuation increase because share classes, conversion ratios, rights and denominators differ.
The article package does not retain source page counts; the contract-required positive page index below is not used to support a substantive claim.
Related analysis
Volta's visible filings show a $58 Seed-era price, $400 to $500 Strategic Preferred shares and $1,769.9115 Series A shares, plus preferred rights and debt set-off.
Read the analysis