Raising capital to fund the acquisition of companies or businesses in the technology sector
We are a Special Purpose Acquisition Company (SPAC), listed on the London Stock Exchange (LSE:ASHI) with a dual listing on the Frankfurt Stock Exchange (6FW:FRA). We pride ourselves on our ability to generate shareholder value, even in tough economic conditions.
Our business strategy and business model depend on the successful completion of any acquisition, and on the effective and successful running of the companies or businesses acquired.
We look to raise capital to fund the acquisition of companies or businesses in the technology sector with a special focus on deep technology and financial services technology sectors.
We are dependent on our directors identifying suitable acquisition opportunities, and it is the Company’s intention for any acquisition to involve the Company acquiring only a single company or business at any one time.
Director
Mr. Smart has been a seed investor and founder of numerous public and private companies in his almost 20 year career in the capital markets. He was a founder and managing director of a European Financial Services company...
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Chairman
Peter Presland has over 45 years of experience in business, much of that at the highest levels of management within both public and private companies...
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Director
Grant Duthie is a Partner of the Corporate & Securities Practice Group of Garfinkle Biderman LLP in Toronto, Canada. Grant's practice is focused on the areas of securities, corporate finance and mergers & acquisitions...
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Director
Daniel Nauth is a legal expert with over a decade of experience gained on both Wall Street in the U.S. and Bay Street, the center of Toronto’s Financial District. He has deep experience across U.S. securities and corporate law...
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Director
Richard Paolone is the principal lawyer of Paolone Law Professional Corporation. Mr. Paolone is a Toronto-based securities lawyer where his work focuses on securities, corporate finance, and mergers and acquisitions...
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A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as “blank check companies,” SPACs have been around for decades. In recent years, they’ve become more popular, attracting big-name underwriters and investors.
- A special purpose acquisition company is formed to raise money through an initial public offering to buy another company.
- At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.
- Investors in SPACs can range from well-known private equity funds to the general public.
SPACs are generally formed by investors, or sponsors, with expertise in a particular industry or business sector, with the intention of pursuing deals in that area. The ultimate acquisition target of the SPAC will be in the discretion of the managers of the SPAC.
Selling to a SPAC can be an attractive option for the owners of a smaller company. Being acquired by a SPAC can also offer business owners what is essentially a faster IPO process under the guidance of an experienced partner, with less worry about the swings in broader market sentiment.
Ashington Innovation PLC is a Special Purpose Acquisition Company (SPAC). It is presently in the process of listing its shares on the Main Market of London Stock Exchange-Standard Segment. The Company will be looking to raise capital to fund the acquisition of companies or businesses primarily in the technology sectors.
Send An Email
info@ashingtoninnovation.com
Company Address
27/28 Eastcastle Street London W1W 8DH