EnSilica plc: £5.2 million Fundraise

Singer Capital Markets is delighted to have acted as Lead Bookrunner and Joint Broker to EnSilica plc on its £5.2 million Fundraise by way of a Placing, Subscription and WRAP Retail Offer.

The Placing and Subscription, conducted by way of an accelerated bookbuild, raised gross proceeds of £4.9 million at the Issue Price of 45p through:

• the Placing of 9,967,976 Placing Shares to new and existing institutional investors; and
• the Subscription for 920,913 Subscription Shares.

The WRAP Retail Offer was oversubscribed and therefore scaled back to the previously set maximum of £0.3 million resulting in the issue of a total of 666,589 WRAP Retail Offer Shares at the Issue Price.

The Company elected to carry out the Fundraise to enable EnSilica to continue to position itself as the go-to ASIC partner to the global market, attracting mandates at the highest levels. The net proceeds of the Fundraise will provide the Company with additional working capital to finance growth in supply revenues, investment in technology and engineering staff, and strengthening the Company’s balance sheet.

First admission took place on 28 May 2024, and Second Admission is expected to take place at 8:00am on 19 June 2024.

About EnSilica plc

EnSilica is a leading fabless design house focused on custom ASIC design and supply for OEMs and system houses, as well as IC design services for companies with their own design teams. The company has world-class expertise in supplying custom RF, mmWave, mixed signal and digital ICs to its international customers in the automotive, industrial, healthcare and communications markets.

Ticker: ENSI
Market Cap: £47.6 million*
Website: Click here

*Market cap as at 03/06/2024