Chaleit Holdings plc has announced its successful £2.1 million placing, subscription and admission to trading on AIM.
Founded in 2021 and headquartered in Cambridge, Chaleit Holdings plc (Chaleit) is a penetration testing and offensive security advisory firm, examining technology from the perspective of a malicious attacker to identify vulnerabilities before they can be exploited. Chaleit has also built a broader consultancy encompassing AI and language model security, cloud security, and cyber advisory, governance and compliance work.
The placing and subscription raised approximately £2.1 million, comprising £1.1 million from the issue of new ordinary shares and £1.0 million from the sale of existing shares, giving the company a market capitalisation of £11.2 million on admission.
The net proceeds from the new share issue will support Chaleit’s organic growth strategy, including the recruitment of sales and delivery practitioners and expansion into existing and new markets.
Crowe's role and team
Crowe acted as the Reporting Accountant on the transaction. Our Capital Markets team was led by Mitesh Patelia, Will Smith, Patrick McKeon and Louise McIntyre.
Client quote
“Joining AIM is a significant milestone for Chaleit and a platform for the next stage of our growth. We are grateful to Crowe and our wider adviser team for their support throughout the process, and we look forward to building on our success as a public company.”
Professor Dan Haagman, Founder and Chief Executive Officer, Chaleit Holdings plc
