DMH Stallard advises Dowgate Capital Limited on £3.1m equity fundraising

DMH Stallard advises Dowgate Capital Limited as broker and SPARK Advisory Partners Limited as Nomad in relation to Belluscura’s c. £3.1m equity fundraising.

Nick Williams 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. £3.1m 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 £3.0m (approximately £2.7m 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. £0.1m (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.

About the authors

about the author img

Nick Williams


Expert lawyer in flotations, fundraising, mergers and acquisitions, investment, corporate restructuring and governance.

Stay connected, sign up for updates

Stay connected

Recent articles


Top tips for investor-readiness – Corporate Commentary episode 10

Get tips from the experts on becoming investor ready in order to grow your business.



Buying from Administrators: Maximising the opportunity to expand

Valuable tips from Restructuring and Insolvency expert and Partner, Frank Bouette, on how to maximise the opportunity when buying from Administrators.


Media spotlight

DMH Stallard noted as one of the best firms for championing women writes about the number of female professionals ranked in leading legal directory Legal500, with DMH Stallard holding 14 rankings across 20+ departments in the latest edition.



Corporate Commentary – A more in-depth look at shareholdings

Episode 9 from a series of articles written by Jonathan Grant, Partner and Head of Corporate, aiming to demystify the corporate market and highlight trends in a non-technical manner.