Fonix Mobile plc

In our second IPO on AIM in the 6 months before October, we have advised Fonix Mobile Plc, on its admission to AIM and successful £45 million Secondary Placing. finnCap is acting as Nomad and Sole Broker and we look forward to accompanying Fonix on its growth journey.

Rob Weisz, CEO of Fonix Mobile plc comments:

“We have built a relationship with finnCap over the last five years that has led to a mutual trust giving us the confidence to proceed with this IPO. They consistently delivered the message that going down the route of an IPO allows a business to continue on its growth path, raising the profile of a company and giving the company the ability to use its paper should the right opportunity present itself – but most importantly to us, allowing us to continue to run our business independently.

Thank you finnCap, you executed the transaction over 10 weeks in an extremely efficient manner and met the target completion date, and have built a share register that we are very proud of. Your whole team works in a seamless collegiate manner and have drummed into us the need to under-promise and over-deliver, a principle that you clearly follow as well. We look forward to working with you on the next phase of our journey.”