Trowers & Hamlins has advised Hybridan on the matter.
Hybridan acted as sole broker to Crossword Cybersecurity plc (AIM: CCS) on its oversubscribed £5m fundraising.
Hybridan led the EIS and VCT qualifying fundraising, carried out by way of placing and subscription, and introduced further new investors to the company, including Gresham House Asset Management.
AIM-quoted Crossword Cybersecurity is a technology commercialisation company focused on cyber security and risk management. It has two principle areas of activity, being: (i) the development and commercialisation of university research-based cyber security and risk management related software; and (ii) cyber security consulting.
The proceeds of the fundraising will be applied to complete the proposed acquisition of a threat intelligence and monitoring services company. Additionally, the company intends to apply the proceeds of the fundraising to increase sales and marketing resource, for product development and support and for general working capital purposes.
Corporate Partner, Ed Hooper (Picture), led the Trowers team, assisted by Thomas Bilton.
Involved fees earner: Edward Hooper – Trowers & Hamlins;
Law Firms: Trowers & Hamlins;
Clients: Crossword Cybersecurity plc ;