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Penningtons Manches Cooper acts for Stanford Capital and Allenby Capital on conditional £5.5 million equity fundraising

Posted: 19/06/2020

The corporate team at Penningtons Manches Cooper is advising Stanford Capital as broker and Allenby Capital as nominated adviser to Feedback plc on a £5.05 million conditional placing and an associated open offer to raise up to £540,000.

Feedback plc are a specialist medical imaging technology company and will be using this fundraising to develop their flagship product, Bleepa®. This is an innovative app based on Feedback's Cadran technology, which allows medical staff to securely view and discuss high quality medical grade images on mobile devices.

The transaction is subject to shareholder approval.

London-based corporate partner, Seb Orton, is leading on this deal with assistance from associate Hannah Shamsolmaali.

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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority under number 419867.

Penningtons Manches Cooper LLP