Fladgate advises AIM listed Toumaz on £11.2m placing

Our team: David Robinson

Fladgate LLP has acted for AIM listed client Toumaz Ltd (Toumaz) on the raising of £11.2m through a placing of 128,000,001 new ordinary shares. Toumaz is a longstanding client of the firm and is a pioneer in low cost, ultra low power wireless communications and broadcast technology.

The proceeds will be used to invest further in Toumaz Microsystems which was recently established as a new fabless subsidiary by Toumaz with investment and support from Imagination Technologies Group to design, develop and sell wireless semiconductor chips and embedded solutions for the growing area of internet and cloud-connected applications.

Fladgate corporate partner David Robinson advised Toumaz.

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