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WANdisco PLC on Friday confirmed the fundraise and admission of shares are now expected to take place on July 25. The Sheffield, England-based data migration platform on Tuesday said it completed the fundraising of $30 million It said it issued 47.5 million new shares at 50 pence each, which represented 71% of the company’s total prior to the fundraise. Of the new shares, a total of 21.6 million were placed by Liberum Capital Ltd and Stifel Nicolaus Europe Ltd, acting as joint bookrunners, at the offer price of 50 pence per share, raising $13.6 million gross. Stifel Nicolaus also is acting as AIM nominated adviser to WANdisco. The remaining 26 million shares were subscribed for from the company at the same price, raising another $16.4 million gross. The fundraise followed WANdisco’s suspension of trading in its shares in March, after uncovering signs of possible ‘fraudulent irregularities’ on its books, days after announcing it was exploring a potential US listing. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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