UK SPAC eyes £1.8m IPO in London

Ashington Innovation

Cristian Angeloni
clock • 1 min read

UK special purpose acquisition company Ashington Innovation has announced today (2 June) it will IPO on the main market of the London Stock Exchange.

The company specialises in the fintech and deep tech sectors and has raised £809,437 in gross proceeds - consisting of 26,981,233 ordinary shares at 3 pence per share. Subject to admission to the standard listing segment of the LSE, Ashington Innovation said it will have 61,397,900 shares in issue, valuing it at around £1.84m. Hambro Perks SPAC de-lists Trading in the firm's ordinary shares is expected to begin on 6 June 2023 at 8am, subject to admission approval. Ashington Innovation explained the listing will enable it to "pursue its objective of acquiring a target company or ...

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