Liberum acts as Nomad and Joint Bookrunner on a £24.7m fundraising for Ilika Plc

We are pleased to announce that Liberum acted as Nomad and Joint Bookrunner on a Placing, Retail Offer and Open Offer raising £24.7m for Ilika Plc.

Ilika (1)

The net proceeds of the fundraise will be used to accelerate the development of the Company’s solid-state electric vehicle pouch cells through its Goliath programme, including through targeting and exceeding lithium ion battery equivalence, to fund a tenfold increase in the capacity of the Goliath pre-pilot line, from 1 kWh to 10kWh per week, and for general working capital purposes.

The Joint Bookrunners delivered significant and high-quality demand with the Placing, Retail Offer and Open Offer all being fully subscribed.

Liberum Team

Investment Banking – Andrew Godber, Cameron Duncan, William Hall, Nikhil Varghese, Anthony Schia

Sales – Oliver Baxendale, Simon Fickling, Julian Collett, Jamie Vickers, Alistair Smallwood

Research – Adam Collins, William Larwood

Legal – Rebecca Gordon, Alice Foster

Corporate and Investor Relations – Nicole Barbour, Chris Cooper

Settlements – Mark Proctor, Rob Simpson

New York


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New York

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