Our Capital Markets team has acted for Strand Hanson (as Nomad) and Cavendish (as sole broker and bookrunner) on Quantum Base Holding plc's admission to AIM.

Quantum Base is a quantum science company creating a new global standard in authentication through its patented Quantum Identities ("Q-ID®s") – near unbreakable and non-replicable authenticity tags that can be applied to a vast array of products, significantly mitigating counterfeiting, and can be authenticated with a smartphone.

The business was founded in 2013 as a spin-out from Lancaster University through which Professor Robert Young's discoveries in the field of quantum physics could be commercialised. The Q-ID®s can be applied to a vast array of products, significantly mitigating counterfeiting which is estimated to cost businesses and tax authorities at least $2.8 trillion in lost revenue per year. Traditional solutions such as holograms, taggants and security inks are often susceptible to replication and are expensive to produce.

The team advising both Strand Hanson and Cavendish was led by Partner Davey Brennan, with support from Legal Director Sue Johnston, Associates Freddie Whittle and Anna Plenderleith, and Trainee solicitor Arianna Lorentzos.

Davey Brennan said: "We are very pleased to have supported our long-standing clients Strand Hanson and Cavendish on this IPO. In what is still a relatively challenging market they have delivered yet another IPO in early 2025, which bodes well for AIM and our capital markets generally.

"This follows our recent ranking in the latest Corporate Advisers Rankings Guide where we're third amongst all law firms for the total number of clients quoted on the London Stock Exchange, with 84 listed clients. We are also in the top three law firms for total AIM clients, and top five for the Main Market. The team and I are proud of these rankings, and we look forward to continuing to build upon them."

Chris Raggett, Corporate Finance Director at Strand, added: "We were very pleased to work with Gowling WLG on this, our sixth IPO/RTO in the last six months. Davey and his team were incredibly supportive throughout and provided their usual excellent service. We are grateful for their timely and measured advice and look forward to working with them again."

Gowling WLG's Capital Markets team is recognised as one of the leading practices in London, with a particular emphasis on AIM and investment funds. With wide ranging experience, acting for both companies and nominated advisers on IPOs, secondary fundraisings, public takeovers as well as advising on ongoing compliance and corporate governance issues.

Gowling WLG is ranked third amongst all law firms for the total number of clients quoted on the London Stock Exchange, with 84 clients. Gowling WLG is also in the top three law firms for total AIM clients, and top five for the Main Market.