We are delighted to have supported Hellenic Dynamics Plc on their Admission to the Main Market of the London Stock Exchange.
Hellenic’s listing will be performed via a reverse takeover with special purpose acquisition vehicle U.K. SPAC plc.
At Admission, the Company will acquire Hellenic Dynamics S.A. for consideration of £31,243,342.59. The consideration is being satisfied by the issue of 10,414,447,530 new ordinary shares in the Company at the price of 3 pence per share. In conjunction with Admission, the Company has raised gross proceeds of £1.125 million through a fundraising that is comprised of a £750,000 subscription and a £375,000 convertible loan note, both at an issue price of 3 pence per share.
Hellenic Dynamics plans to cultivate and export THC dominant medical cannabis products to the 25 countries in Europe that now allow medicinal cannabis for patients via prescription.
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, Daniel Huston and Abigail Williams.
“The Capital Markets team at PKF were extremely supportive of Hellenic Dynamics throughout the process. Hellenic is fully committed to being one of the market leading providers to the EU for prescribed THC dominant medical cannabis. We look forward to working with PKF as we embark on this journey.”
Davinder Rai, CEO Hellenic Dynamics
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