Deal alert: Ondo InsurTech Plc

PKF supports re-admission to the Main Market of the London Stock Exchange

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We are delighted to have supported Ondo InsurTech Plc (formerly Spinnaker Acquisitions Plc) on its re-admission to the Main Market of the London Stock Exchange.   

In conjunction with Admission, the Company has raised gross proceeds of £3,427,501 through fundraising (comprised of a placing and subscription) at an issue price of 12 pence per share. Upon Admission, Ondo will have a market capitalisation of approximately £8.2 million.

Ondo Insurtech Plc has become the first “insurtech” company on the London Stock Exchange.   

“We valued the assistance of the Capital Markets team at PKF in helping us with our successful RTO and Placing. They were a pleasure to work with and we appreciated their professional approach and support throughout the transaction. This marks an important event for Ondo InsurTech Plc and our plans for the future.”
Richard Ehlan, Interim CFO | Ondo InsurTech Plc 

PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, Adam Humphreys and Jack Devlin.