We have advised Inspired plc, an AIM-listed leading ESG advisory firm, on its £26.66m fundraising by way of: (i) a placing of new ordinary shares to institutional investors raising £21.25m; (ii) an issue of £5m in aggregate principal amount of convertible loan notes; and (iii) a retail offer of new ordinary shares raising approximately £400,000 via the BookBuild Platform. The fundraise was approved by shareholders at a general meeting held on 7 January 2025 at Gateley’s Manchester office.
The net proceeds of the fundraise will be used to strengthen the company’s balance sheet and support its pipeline of projects in its Optimisation division to reduce energy consumption and carbon emissions for c.130 customers.
Inspired plc is a leading technology-enabled service provider delivering solutions to enable businesses to transition to net-zero and manage their response to climate change.
Gateley Legal’s team comprised equity capital markets partners Paul Cliff and Sam Meiklejohn, corporate associate Hannah Hogarth, banking partner Christopher Lister and client relationship partner Paul Jefferson. The team worked alongside Shore Capital Markets and Panmure Liberum, who acted as joint brokers and bookrunners on the fundraise.
Paul Cliff commented: “We are delighted to have advised Inspired on its £26.66m fundraising. The funds will not only strengthen the company’s financial position but also enable it to advance its ambitious projects aimed at reducing energy consumption and carbon emissions for a substantial number of customers. Our team at Gateley Legal is proud to support Inspired on its mission to help companies achieve net-zero. Congratulations to the stellar leadership team at Inspired and indeed to the broader group of advisors on this significant fundraise.”