Office based in Alicante Devesa & Calvo Lawyers gave legal advice to artificial intelligence company substrate artificial intelligence inside that Exit to BME Growth Madrid specializes in business law, as reported by the firm itself. With this operation, Valencian Subtrate AI became the first company to focus. artificial intelligence software It is listed in Spain.
This is, for its part, the second capital markets exit Devesa & Calvo has recommended so far this month and the third last year. So, in addition to Substrate AI’s landing at BME Growth in Madrid, the firm also participated in the debut of the drone technology manufacturer from Alicante. flush He was one of the key players in Euronext Access and for the past year. Intercity CF SAD It became the first Spanish football club to make the list.
The firm recently opened an office in Madrid Salamanca District to improve its services with capital markets and M&A transactions (mergers and acquisitions), among other reasons.
“With this third operation, Devesa & Calvo, Reference offices in Spain For companies seeking access to alternative financing by being listed on BME or Euronext. We are currently considering other exits to the capital markets with a few of our clients. More and more SMEs are losing fear of taking a major listing step and are betting on this powerful way to finance their expansion and scale,” the CEO and co-founder of the firm assured. David Devessa.
Following Substrate Ai’s previous €7.6 million capital increase, Deloitte as a registered consultant and Renta 4 Banco as a liquidity provider were also included in the BME Growth list. This evaluation Substrate AI leaving the company 94.9 million € and an initial share price of 4.3 euros.
The technology company, which provides services in Fintech, Human Resources, Industry, Energy, Agricultural Technologies and Health sectors under the chairmanship of Lorenzo Serratosa, will start operating at the Mining and Communication Center next year.
The company has completed the acquisition of adhesive label maker Ibi, which will provide the group with nearly one million euros in gross operating profit (Ebitda), in which the company will reinvest in further innovation, according to its founding brochure.
Source: Informacion
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