Electric Guitar PLC

Deal Alert: PKF supports the acquisition of 3radical Limited and admission to AIM

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We are delighted to have supported Electric Guitar PLC on their acquisition, fundraise and admission to trading on AIM. 

The company has acquired 3radical Limited for approximately £1.28 million, to be satisfied through the issue of 61,184,843 new Ordinary Shares. The Company also raised £2.20 million (before expenses) through a Placing and Subscription at 2.1p per share. Based on the issue price of 2.1p per share, the market capitalisation of the Enlarged Group will be approximately £4.70 million on Admission.

Electric Guitar PLC is a provider of first-party data solutions for the marketing and advertising industry. They acquire and scale businesses that help marketers maximise the value of first-party data through curating, managing and deploying data solutions.

“We were very pleased with the Capital Markets team at PKF on our admission to AIM. As a fast-growing technology company with an ambitious buy-and-build agenda, we wanted to work with a reporting accountant with significant experience in Capital Markets. We value the support PKF Littlejohn provided in meeting our aspirations for the listing, and look forward to working with them in the future.”

Richard Horwood, COO
Electric Guitar PLC

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

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