Deal alert: Beacon Rise Holdings Plc

PKF supports Admission to the Main Market of the London Stock Exchange

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We are delighted to have supported Beacon Rise Holdings Plc on its admission to the Main Market of the London Stock Exchange.

The company has raised gross proceeds of £1,122,000 through the subscription of 1,072,000 ordinary shares at a price of £1.00 per ordinary share.

Beacon Rise Holdings is a special purpose acquisition company formed to undertake acquisitions with operations in the primary and secondary segment of the education technology sector.

“The company is pleased to be listed on the Main Board of the London Stock Exchange. We are grateful for the professional, meticulous and efficient working attitude of PKF during this complex process.

We are confident of the company’s success in further integration and continued expansion into the UK and European K-12 Education Technology. We firmly believe the innovation of Education Technology is key to the enhanced development of the educational ecosystem in these markets.”

Xiaobing Wang, CEO | Beacon Rise Holdings Plc

PKF acted as reporting accountant on the transaction and the Capital Markets team included Mark Ling and Linlin Jin.