Chill Brands Group plc’s £3.5 Million Fundraising

In UK DMH Stallard, advised on the matter.

DMH Stallard advised Chill Brands Group plc with a team including Nick Williams (Picture – Equity Capital Markets).

Chill Brands Group plc raised £3.5 million through its fundraising which was completed on 13 May 2022. The fundraising involved the subscription of ordinary share and convertible loan notes and required shareholder approval which was given at a General Meeting held on 12 May 2022. The convertible loan notes will be converted into ordinary shares upon the publication of a prospectus.  
 
Chill Brands Group plc is an international company which creates and distributes CBD products worldwide. This fundraise is part of the company’s strategy to increase shareholder value and enter the next phase of its business strategy, which will see Chill Brands Group plc working in close partnership with distributors to create a successful rollout and seeking to implement best practices across appropriate marketing, trade spend, advertising, in-store display, education and speed to market.
 
The DMH Stallard team was led by Nick Williams (Picture) and included Giedre Doig, Nuria Ashmore Barrios and Amber Monaghan.
 

Involved fees earner: Nuria Ashmore Barrios – DMH Stallard; Giedre Doig – DMH Stallard; Amber Monaghan – DMH Stallard; Nick Williams – DMH Stallard;

Law Firms: DMH Stallard;

Clients: Chill Brands Group plc;

Author: Giulia Di Palma