Data migration platform WANdisco has successfully completed a $30 million equity fundraising round, with the aim of restoring share trading on the AIM market and regaining investor support. The Sheffield-based company issued 47.5 million new shares, which accounted for 71% of its total shares prior to the fundraising. The offer plan was announced on Monday. Liberum Capital and Stifel Nicolaus Europe acted as joint bookrunners in placing 21.6 million shares at an offer price of 50 pence each, raising $13.6 million. The remaining 26 million shares were subscribed for by the company, raising another $16.4 million. Major shareholders Global Frontiers Investments and Davis Capital Partners also subscribed for additional shares. WANdisco suspended trading in its shares in March after uncovering signs of possible fraudulent irregularities on its books. The company anticipates publishing its 2022 results this week and hopes to have the suspension of its shares on AIM lifted by Friday.
WANdisco Secures $30 Million Equity Investment to Facilitate Share Trading Revival
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