Tribe Technology PLC

Deal Alert: PKF supports admission to AIM

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We are delighted to have supported Tribe Technology PLC on its admission to trading on AIM.

Tribe Technology PLC has raised gross proceeds of £4.6 million by way of a placing of £4.5 million, and a retail subscription of approximately £0.1 million, giving a market capitalisation of £22.2 million on admission.

Tribe Technology PLC is a disruptive developer and manufacturer of autonomous mining equipment. The net proceeds from the fundraise are intended to be utilised for working capital, research & development and operational/sales expansion.

“Tribe Tech’s successful fundraise and listing on AIM are a major milestone on our journey to develop the world’s first autonomous RC Drill Rig. PKF were a valuable partner in the listing process, providing us with guidance and practical advice. Most importantly they were a pleasure to work with. We look forward to continuing the relationship with PKF as our auditors going forward.”

Eric Hampel, CFO
Tribe Technology PLC

PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf,  Sam Bradshaw, Jack Devlin and Ben Pringle.

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