Fladgate advised BATM Advanced Communications Ltd (BATM) on its Placing and Subscription to raise US$18m.
BATM announced its successful placing and subscription to trading on the premium segment of the Main Market on London Stock Exchange on 24 June 2019.
90% of the net proceeds from the fundraise will be will used to advance its Networking & Cyber division on its various initiatives, including possible acquisition opportunities and accelerate its network function virtualisation (NFV). The remaining 10% of proceeds will focus on BATM’s Bio-Medical division to expedite the development and distribution and certifications in molecular biology diagnostics and its agri-waste and pharma-waste treatment installations.
BATM Advanced Communications Ltd is a leading provider of real-time technologies for networking and cyber security solutions and for bio-medical and bio-waste treatment solutions via its two operating divisions.
BATM was advised by Fladgate Corporate partner Avram Kelman (Picture) and supported by corporate trainee solicitor Laura Priestley.
Involved fees earner: Avram Kelman – Fladgate LLP;
Law Firms: Fladgate LLP;
Clients: BATM Advanced Communications;