Liberum acts as Nomad and Joint Bookrunner on £2.3m fundraising for Ilika plc

We are pleased to announce that Liberum acted as Nomad and Joint Bookrunner on a Placing and Open Offer raising £2.3m for Ilika plc.

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The net proceeds of the capital raising will be utilised to drive Ilika’s roadmap for its Goliath solid-state battery projects. In particular the net proceeds will be used to support the development of Goliath technology, with grant assistance, to support partner collaboration, to increase the battery testing capacity from 20 kWh/a to 0.75 MWh/a and to upgrade existing dry room facilities. Additional proceeds from the Open Offer will also be used to further support the Group’s working capital requirements.

Liberum Team
Investment Banking – Andrew Godber, John More, Nikhil Varghese, Joshua Borlant
Sales – Oliver Baxendale, Simon Fickling, Will Game, Ruth Watts, Joel Knight, Oliver Houghton
CIR – Nicole Barbour
Legal – Rebecca Gordon, Lily Searle

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