Immotion Group plc’s £1.35 Million Ordinary Shares Placing

DWF advised Immotion Group plc on the deal.

The fundraising, which was effected via an accelerated book build, will be used to see the business through the COVID-19 pandemic whilst helping to accelerate the Company’s growth plans together with finalising the build out of a 36-VR seat theatre at the MGM Mandalay Bay Resort and Casino in Las Vegas.

Immotion Group plc is a UK based VR “Out of Home” entertainment business which provides immersive VR ‘edutainment’ experiences on a global basis to popular tourist destinations operated by household names including Merlin, Sea Life and Legoland.

Leading on the transaction for DWF was partner, Jeremy Swift (Picture), alongside senior associate, Jemil Visram and solicitor, Eilidh Durkin.

Involved fees earner: Eilidh Durkin – DWF; Jeremy Swift – DWF; Jemil Visram – DWF;

Law Firms: DWF;

Clients: Immotion Group plc;