Renalytix AI plc (LSE: RENX), an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and lower healthcare costs, today announced the commencement of an underwritten offering of 11,000,000 of its ordinary shares, which includes a registered public offering of ordinary shares in the form of American Depositary Shares, each representing two ordinary shares, in the United States and a concurrent private placement of ordinary shares in Europe and other countries outside of the United States. In addition, RenalytixAI intends to grant the underwriters a 30-day option to purchase additional ADSs in an aggregate amount of up to 15% of the total number of ADSs proposed to be sold in the Global Offering. Investors other than qualified investors under applicable law will not be eligible to participate in the ordinary share private placement. All ADSs and ordinary shares to be sold in the Global Offering will be sold by RenalytixAI.

RenalytixAI has applied to have its ADSs listed on the Nasdaq Global Market ("Nasdaq") under the symbol "RNLX". RenalytixAI's ordinary shares are admitted to trading on the AIM market of London Stock Exchange plc ("AIM") under the symbol "RENX". Application will be made for the new ordinary shares to be issued at the closing of the Global Offering to be admitted to trading on AIM. The Company will maintain its AIM listing alongside the Nasdaq dual-listing.

J.P. Morgan and Stifel are acting as joint global coordinators and joint book-running managers for the Global Offering.