McDermott Will & Emery has advised Joh. Berenberg, Gossler & Co. KG in the deal.
The Social Chain AG, Berlin, announced its uplisting from the unregulated market (Open Market) of the Dusseldorf Stock Exchange to the regulated market of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard).
The relevant securities prospectus has been approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) on 11 November 2021. Approximately 11.5 million shares of The Social Chain AG have been traded in the Prime Standard of the Frankfurt Stock Exchange since 12 November 2021. Further approximately 2.9 million shares are to be issued in December through a capital increase in kind.
The McDermott team was led by partners Simon Weiß (Picture) and Joseph Marx, Associates Christoph Schäfer and Isabelle Müller also advised (all Capital Markets, all Frankfurt).
Law Firms: McDermott Will & Emery;
Clients: Joh. Berenberg, Gossler & Co. KG;