AIQ Ltd’s Readmission And Reverse Takeover Of AI codes

Charles Russell Speechlys has advised AIQ Ltd on this deal.

AIQ Ltd was readmitted to trading on the LSE Main Market, by way of a standard listing, and acquired of Alchemist Codes Sdn Bhd (“AI Codes”) by way of reverse takeover.

AI Codes is a specialist information technology software designer and developer focused on the e-commerce sector. Al Codes has two primary lines of business: an IT consultancy business, which provides customised software, web and app development for clients, and an e-commerce cashback solution, OCTAPLUS, which leverages proprietary data analytic tools, including artificial intelligence technology, for user targeting. Al Code’s key customer regions are currently Malaysia, Singapore and Hong Kong, with expansion plans to grow into China and Europe.

The Charles Russell Speechlys team, led by Andrew Collins (Picture), included Corporate Associate Catherine Heath and Corporate trainee solicitors Millie Parrott and Edward Garton.

Involved fees earner: Andrew Collins – Charles Russell Speechlys; Catherine Heath – Charles Russell Speechlys;

Law Firms: Charles Russell Speechlys;

Clients: AIQ Limited;