Shore Capital acts as Broker and Sole Bookrunner on £1.3m fundraise for LightwaveRF
Shore Capital is pleased to have acted as Broker and Sole Bookrunner on a fundraise of £1.3m for LightwaveRF, the leading smart homes solutions provider. The fundraise consisted of a firm placing and subscription and a conditional subscription, subject to shareholder approval.
LightwaveRF intends to use the funds raised to continue to scale the business, expand sales and marketing, execute of obligations in Europe and provide working capital. The Board believes the additional funds will accelerate the Company into becoming a significant, profitable Smart Home device and technology player with leading technology, IP and patents. It will also help build the LightwaveRF brand and allow the Company to expand globally and exploit adjacent opportunities (for example, B2B and data).
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+44 (0)20 7408 4090
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Adele Gilbert +44 (0)79 6622 4514
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK and Europe.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.