Fundraising and admission to trading on AIM.
ATOME Energy Plc (ATOME) was successfully spun off from AIM-traded President Energy to produce, market and distribute green hydrogen and ammonia. Hydrogen is widely considered a key part of the matrix of renewable power sources necessary to meet net zero carbon emissions targets by 2050.
ATOME currently has two operating subsidiaries in Paraguay and Iceland. Both subsidiaries have commenced operational planning, sourcing and negotiations with green electricity suppliers, equipment providers and offtake partners.
ATOME has completed its fundraising through its brokers and PrimaryBid, raising up to £9 million at 80p per Atome Share.
It has received London Stock Exchange’s Green Economy Mark, with the market capitalisation of the company at commencement of dealings being £26 million.
The net proceeds from the fundraising will be used to progress detailed planning, engineering, and development activities in Paraguay and Iceland. These will proceed ahead of the formal commitments on plant procurement and infrastructure investment.
Crowe's role and team
Crowe acted as reporting accountant on the transaction. Our Capital Markets team was led by Paul Blythe, Conor Monaghan and James Leyton.
Client quote
"We valued the assistance of the capital markets team at Crowe in helping us with our successful IPO. They were a pleasure to work with and we appreciated their professional and efficient approach. This marks an important event for ATOME and our growth aspirations."
Olivier Mussat, Chief Executive Officer, ATOME Energy Plc
