Corporate team advises Aurrigo International plc on its £4.1 million fundraise

The Corporate team has advised international provider of transport technology solutions, Aurrigo International plc, on its £4.1 million fundraise through a Placing, Direct Subscription and Retail Offer via the BookBuild platform.

£3.84 million was raised via a Placing of an aggregate of 3,840,000 new ordinary shares of £0.002 each in the Company with certain existing and new institutional and other investors at a price of 100 pence per Placing Share. £176,255 was raised in a Retail Offer via the BookBuild Platform from existing retail shareholders with a total of 176,255 new ordinary shares of £0.002 each being issued at 100 pence per Retail Offer Share.

In addition, the company raised £100,000 by way of a Direct Subscription for 100,000 new Ordinary Shares at the Issue Price.

The team from Gowling WLG which advised Aurrigo was led by legal director Sue Johnston, supported by partner Davey Brennan and trainee solicitor Anna Plenderleith.

Davey Brennan commented: "Following Aurrigo's successful IPO last year, the share price has since tripled and the company has come back to the market to raise further funds to help progress its new partnerships, product and technology development, and accelerate future growth. I look forward to seeing how the business continues to advance in the year ahead."