EnSilica float on AIM
May 2022
EnSilica was established in 2001 and is a designer and supplier of mixed-signal Application-Specific Integrated Circuits (“ASICs”). ASICs are integrated circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage.
ASICs help differentiate products through optimised hardware, thereby making products smaller, faster, lower power and/or more secure and can provide novel functionality, improve supply chain security and protect products from being copied. The Company has expertise in designing complex mixed-signal ASICs, which combine digital and analogue functions onto a single chip.
EnSilica provides an end-to-end service for the design and supply of ASICs, outsourcing certain elements of the manufacturing and packaging to third parties – otherwise known as a Fabless Semiconductor Model.
EnSilica’s customers range from global corporations and original equipment manufacturers (“OEMs”) to technology start-ups, including automotive Tier 1 suppliers, industrial enterprises, large software companies and service providers developing proprietary hardware. EnSilica is an approved supplier to some of the world’s largest automotive and industrial OEMs and Tier 1 suppliers.
The Company’s main country of operation is the UK, with additional design centres in India and Brazil.
Admission to Trading on AIM
On 24th May 2022, admission and dealings on AIM commenced by way of a Placing and Subscription of Ordinary Shares.
The Fundraising, which involved an EIS/VCT Placing, the General Placing and the Subscription, raised gross proceeds for the Company of £6 million.
The Perivan shareholder communications team were delighted to work with Allenby Capital, who was appointed as Nominated Adviser and Sole Broker to EnSilica on the successful production and publication of the 119-page admission document.
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Perivan specialises in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
