DMH Stallard advises Dowgate Capital Limited as broker and SPARK Advisory Partners Limited as Nomad in relation to Belluscura’s c. £3.1 million equity fundraising
and Giedre Doig of DMH Stallard LLP have advised Dowgate Capital Limited (Dowgate) on its role as broker, and SPARK Advisory Partners Limited as nominated adviser, to AIM quoted Belluscura plc (Belluscura) in a c. £3.1 million equity fundraising which completed today (16 June 2023) on the admission of the shares subscribed to trading on the AIM market operated by the London Stock Exchange.
The fundraising included a placing by Dowgate and subscription which raised £3.0 million (approximately £2.7 million net of expenses) through the issue of 12,000,000 new ordinary shares at an issue price of 25 pence per share. The placing and subscription were subscribed for by both new and existing investors. In addition, pursuant to a retail offer to its existing retail shareholders via the BookBuild Platform, Belluscura raised c. £0.1 million (before expenses) through the issue of 386,240 new ordinary shares at the issue price of 25 pence per share.
Belluscura is a leading medical device developer focused on lightweight and portable oxygen enrichment technology.