Pineapple Power Corporation plc’s £1.3 Million Initial Public Offering

Fladgate advised Pineapple Power Corporation plc on the deal.

Pineapple Power Corporation plc successfully listed and raised £1.3 million at a placing price of 3 pence per share. Pineapple is a cash shell or SPAC admitted to the Standard segment of the Official List and traded on the Main Market of the London Stock Exchange.

In the 2020s, the combined factors of decarbonisation, digitalisation and decentralisation are likely to continue to drive forward the green energy revolution and create the opportunity for innovation within the sector, making this sector a key target for growth and commercial opportunity. Pineapple’s objective is to acquire a target business in the renewable or clean energy sectors, which may include currently operating energy assets or clean technology projects or assets at any stage of development. Pineapple’s directors believe that, in light of the highly visible global concerns regarding environmental damage and climate change as a result of fossil-fuelled power generation, there is a significant opportunity in the renewable and clean energy sectors which will play an increasingly significant role in meeting future energy needs.

Partner Paul Airley (Picture) led this transaction with support from capital markets associate, David Lee,

Involved fees earner: Paul Airley – Fladgate LLP; David Lee – Fladgate LLP;

Law Firms: Fladgate LLP;

Clients: Pineapple Power Corporation plc ;