K&L Gates LLP Advised On Oversubscribed £10.5 Million Fundraising By Gelion Plc
K&L Gates LLP Advised on Oversubscribed £10.5 Million Fundraising by Gelion plc
Global Leading Law firm K&L Gates LLP has advised Strand Hanson Limited (as nominated advised) and Allenby Capital Limited and Oberon Investments Limited (as joint brokers) on an oversubscribed placing, offer for subscription, and retail offer by Gelion plc, a global energy storage company.
The fundraising, which raised approximately £10.5 million in aggregate, included a £0.5 million retail offer via the Winter flood Retail Access Platform. The proceeds will support Gelion’s continued development of its innovative energy storage technologies and commercial growth initiatives.
Green said: “We were delighted to have worked with Strand, Allenby Capital, and Oberon on this successful fundraising by Gelion. This was the fourth fundraising for Gelion that we have advised on since 2021, when we advised on Gelion’s admission to AIM.”
The K&L Gates LLP team was led by James Green (Partner), and Robert F. Boughey (Senior Associate) and Anna Carter (Trainee Solicitor).
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