Quadrise launches up to £3.25 million fundraise to advance projects and strengthen balance sheet
July 2023
Quadrise plc is an AIM listed energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications.
Their technologies produce transition fuels called MSAR® and bioMSAR™, which allow clients in the shipping, utilities and industrial sectors to reduce carbon emissions whilst also saving costs.
They are working with leading global companies to jointly develop the capacity to produce, trade and consume MSAR and bioMSAR on a commercial scale.
Placing and Open Offer
The fundraise is being executed via a Placing and Open Offer priced at 1.25p per share, both the placing and offer will raise up to £3.25 million.
The placing aims to raise up to £1.75 million and the open offer launched afterwards is looking to raise up to £2.25 million.
Having helped Quadrise with the production of their annual report since 2019 and their AIM admission document back in 2006, the Perivan shareholder communications team were delighted to help with this further stage of their corporate journey and work with Cenkos, who acted as Nominated Adviser and Shoosmiths, acted as a legal adviser with the production and mailing of the Circular and Application Form which was posted to qualifying shareholders on 10th July 2023.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
