Fladgate advises Toumaz on two placings on AIM

Our team: David Robinson

Fladgate LLP has acted for Toumaz Ltd, a pioneer in low cost, ultra low power wireless communications and broadcast technology, on the investment into the company by California Capital Equity LLC (CCE), a company owned by Dr. Patrick Soon-Shiong. Toumaz issued 14,563,142 shares to CCE at 8.83p per share, representing a stake of 2.46% in the Group.

CCE and Toumaz will collaborate on the development of Toumaz’s market leading wireless healthcare and wellness technology, the Sensium platform, for use in sports.

Fladgate also advised Toumaz on the increased investment by Quanta Computer Inc. representing a stake of 2.22% and amounting to £1.2m. In total, the two transactions have raised £1.8m.

Fladgate LLP corporate partner David Robinson advised Toumaz.

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