Deal alert: Quetzal Capital Plc

PKF supports Acquisition and Re-Admission to the AQSE Growth Market

read timeRead time: 1 min

We are delighted to have supported TAP Global Group Plc (formerly Quetzal Capital Plc) on its Acquisition of Tap Global Limited and re-admission to the AQSE Growth Market.

The company has raised gross proceeds of £3.1 million, through the Subscription of 68,888,890 Ordinary Shares at a price of 4.5 pence per share. The Acquisition of Tap Global is for a consideration of £20.5 million, payable through the issue of 450,000,000 Consideration Shares at the Subscription Price. Following completion of the Acquisition the company will be renamed TAP Global Group Plc.

Tap Global is a fast growing, regulated, fully integrated provider of fiat banking and crypto settlement services.

“The Capital Markets team at PKF proved their resilience, expertise and flexibility once again in assisting with the first public listing of 2023 in London of TAP Global Group Plc. The team was always on hand to deal with a fluid transaction and consistently went the extra mile to ensure that information and reports were provided with accuracy and on time. This was a complex transaction and the team was very much up to the task.”

John Taylor, Chairman
TAP Global Group Plc

PKF acted as reporting accountant on the transaction and the Capital Markets team included Adam Humphreys, Lauren Haslam and Jamie Legge.

Find out more about how our Capital Markets team can support you and your business here