Sparc Technologies Limited Listing Of Graphene Technology Solutions

Sparc Technologies Limited GTS. Sparc Technologies recommenced trading on the ASX on 23 November making a strong debut with shares.

HWL Ebsworth has advised Sparc Technologies on the deal.

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Sparc Technologies Limited acquired and backdoor listed Graphene Technology Solutions (GTS). Sparc Technologies recommenced trading on the ASX on 23 November making a strong debut with shares trading up to 90% higher than the IPO price.

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The listing and acquisition process included a prospectus offering of 20 million shares at $0.20 each, successfully raising $4 million.

Following the acquisition of South Australian based GTS, Sparc Technologies’ core business will transition from coal and mineral exploration to the development and commercialisation of graphene-based products including marine and protective coatings, environmental remediation and metals recovery from tailings.

The HWL Ebsworth team was led by Shaun Hardcastle (Picture – Partner) assisted by Jeremy Newman (Special Counsel), Nick Harrison (Solicitor) and Charlotte Griffin (Solicitor).

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Discovery Capital Partners acted as corporate advisors and Morgans Corporate Limited acted as lead manager and underwriter.

Originally published at Global Legal Chronicle

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