Michelmores capital markets team has advised Novum Securities as corporate adviser and Oberon Investments as broker on the admission of Time to Act plc to trading on the Aquis Stock Exchange with an initial market capitalisation of £7 million.
Time to Act plc is an engineering business focused on technology in the energy transition sector, with a particular emphasis on cleantech and renewable technologies and delivers solutions in the hydrogen, fuel cell, wind, nuclear, and energy storage sectors.
The Michelmores team was led by partner and capital market head, Ian Binnie, with support from London corporate lawyer Gruff Cartwright. Commenting on this recent transaction Ian Binnie said:
“It was a pleasure to support Oberon and Novum on bringing Time to Act to the market as the first AQSE IPO of 2024. Michelmores extensive capital market experience coupled with our sector expertise in technology & and focus on the energy transition sector perfectly aligns us to support TtA and other fast-growing businesses in these sectors”.
David Coffman, head of corporate finance at Novum Securities commented:
“We were delighted to appoint Ian Binnie and his experienced Michelmores capital markets team to advise us on the first Aquis IPO of 2024. They provided us with both technical expertise and experience in UK capital markets along with a thoroughly commercial approach.”
Nick Lovering, head of Oberon Capital added:
“It was a pleasure to count on Ian Binnie and the Michelmores capital markets teams for legal advice on the admission of Time to Act plc to Aquis – their experience and pragmatic approach certainly contributed to a smooth and successful IPO”
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