DMH Stallard has acted for Dowgate Capital Limited in its role as corporate adviser and broker to Otaq plc (OTAQ) in a £3.6 million (before expenses) fundraising which was completed on the admission of OTAQ’s ordinary shares to trading on the Access Segment of the AQSE Growth Market on 9 November 2022. The fundraising involved a firm placing, broker option, further placing and open offer. At the same time, OTAQ completed a capital reorganisation and delisted from the Standard Segment of the Official List and withdrew its shares from trading on the main market of the London Stock Exchange.
OTAQ is a highly innovative technology company targeting the aquaculture, geotracking and offshore markets. It already has a number of established products in its portfolio and is focused on further developing its presence, customer base and cross selling opportunities within core markets both organically and via acquisition.
The DMH Stallard team was led by Nick Williams
and included Benjamin Greenwood