SPARK acts as Sponsor to Draper Esprit VCT plc

SPARK Advisory Partners Limited is pleased to announce it has acted as Sponsor to Officially Listed Draper Esprit VCT plc (“DEVC”) in respect of an offer for subscription (“Offer”) by DEVC to raise up to £20 million (with an over-allotment facility for up to a further £10 million) in the 2021/22 and 2022/23 tax years.
If the Offer is taken up in full (including the over-allotment facility), once invested, DEVC will have over £100 million of net assets of, which over 78% will be allocated predominantly to technology investments.

SPARK acts as Financial and Nominated Adviser to Firering Strategic Minerals plc

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has been appointed as Nominated Adviser to Firering Strategic Minerals plc (AIM ticker FRG) in relation to its admission to trading on AIM, accompanied by a £4m fundraise by way of a placing.

Firering Strategic Minerals plc is a holding company for a group of exploration and development companies, set up to focus on developing assets towards the ethical production of critical metals.
Firering’s portfolio of assets is located in Côte d’Ivoire and contains projects that the Directors believe to be prospective for lithium and columbite-tantalite. Lithium and columbite-tantalite are used in rechargeable batteries and other components for Electric Vehicles and consumer electronics such as laptops, tablets and mobile phones.

SPARK appointed as Nominated adviser (Nomad) to Alba Mineral Resources plc

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has been appointed as Nominated Adviser to Alba Mineral Resources plc, (AIM ticker: ALBA).

The Alba Group’s mineral exploration portfolio is comprised of gold, graphite, ilmenite, base metal and iron ore projects in a cluster of countries in northern Europe (the United Kingdom, Greenland and Ireland). Alba’s focus is on unearthing hidden value from previously drilled or mined projects.

SPARK acts as Sponsor to Downing FOUR VCT plc

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has acted as Sponsor to Officially Listed Downing FOUR VCT plc in respect of offers for subscription (“Offers”) by the Company to raise up to £10 million (with an over-allotment facility for up to a further £15 million) in each of three classes of shares – Generalist Shares of 0.1p each (to be renamed Ventures Shares), Healthcare Shares of 0.1p each and a newly created class of AIM Shares of 0.1p each.

SPARK acts as Rule 3 Adviser to Watchstone Group plc

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce that it is acting as financial adviser to Watchstone Group plc (Aquis ticker: WTG), in relation to Rule 3 advice on the mandatory offer by Polygon Global Partners LLP.

Watchstone is a group with a number of litigation assets, contingent liabilities and cash.

SPARK acted as Financial and Nominated Adviser to Zenova Group plc on its IPO and £4.5m placing

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has acted as Financial and Nominated Adviser to Zenova Group plc (“ZED”) in respect of its Placing and Subscription for £4.5m of new ordinary shares.

Zenova looks forward, as a result of its successful admission to AIM, to providing groundbreaking solutions in fire management. ZED’s products are created innovatively, offering high levels of prevention and suppression of fire. In addition, its insulation products provide superior heat/cooling retention when applied to existing structures or used in new construction. All of ZED’s products are independently tested to rigorous standards (both UK and International) by recognised third party agencies and are subject to continuous sample testing to maintain quality of manufacture.

The primary use of the proceeds will be intended to support Zenova’s growth strategy to build sales in the UK and other regions globally. The net proceeds will be used to manufacture products and establish inventory levels, accelerate Zenova’s research & development programme for additional products, expand the certification and independent testing programme, for marketing and operational expenses and to support working capital.

SPARK acted as Financial and Nominated Adviser to Distil plc on its £3.2m placing and investment in Ardgowan

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has acted as Nominated Adviser to Distil plc, (AIM ticker: DIS) in relation to its £3.2m placing. Distil has also entered into investment arrangements with Ardgowan Distillery Company Limited to part fund the development of a new whisky distillery by Ardgowan, and enter into a Manufacturing Agreement and a Mutual Services Agreement with Ardgowan to take advantage of the operational and strategic opportunities presented by the Investment.

An initial tranche investment of £3m – by way of a convertible loan – has been approved by shareholders of the AIM quoted company, with the potentially of an additional investment of up to £2m.

The investment will see Distil build a permanent home for Blackwoods Scottish Gin on the site, including stills, gin school and visitor centre, with white spirit production and NPD overseen by Edwards Distillers, led by Master Distiller, Sion Edwards. Distil will also gain access to Ardgowan’s Master Whisky Maker, Max Macfarlane (Highland Park, Glengoyne, Bunnahabhain, Tamdhu), to develop a separate Distil blended malt whisky brand yet to be revealed.

SPARK acted as Financial and Nominated Adviser to DeepVerge plc on its £10m placing

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has acted as Nominated Adviser to DeepVerge plc, (AIM ticker: DVRG) in relation to a placing of £10 million.

DeepVerge is an environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins. Utilising artificial intelligent data analytics to scientifically prove the impact of skincare product claims on skin microbiome for most of the top 20 global cosmetic company clients and remotely detect and identify in real-time, dangerous pathogens in wastewater treatment plants, drinking water, rivers, lakes and reservoirs.

SPARK acts as Financial and Nominated Adviser to Belluscura plc in respect of its IPO and £17.5m Placing

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has acted as Financial and Nominated Adviser to Belluscura plc (“BELL”) in respect of its initial public offering raising £17.5 million.

Based in Texas, Belluscura is a leading medical device developer focused in lightweight and portable oxygen enrichment technology. Its first product, the X-PLO₂R, is a lightweight FDA cleared portable oxygen concentrator (“POC”) designed to replace larger, metal oxygen tanks and heavier portable oxygen concentrator devices. The X-PLO₂R weighs less than 1.5kg (3.25lbs) and is the world’s first modular portable oxygen concentrator and that it will generate more oxygen by weight than any other FDA cleared POC in its class. The X-PLO₂R can deliver up to 95% pure oxygen to patients 24 hours a day, 7 days a week to help improve the quality of life for millions of people worldwide who suffer from chronic lung diseases, such as Chronic Obstructive Pulmonary Disease (“COPD”) and respiratory distress caused by COVID-19. The X-PLO₂R will be launched shortly and additional products within the range will be launched within the next 12 months.

SPARK acted as Financial and Nominated Adviser to Cornerstone FS plc on its IPO and £2.7m fundraise

SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it has been appointed as nominated adviser to Cornerstone FS plc (AIM ticker: CSFS) on its IPO on AIM.

Cornerstone successfully raised gross proceeds of £2.69 million in a Placing and issue of Convertible Loan Notes.

Cornerstone FS is a payments focused fintech business that makes managing currency simple for international SMEs. The company’s focus is on removing the complexity of international payments for customers, through currency risk management, payment and electronic account services.