Gerald Edelman act as reporting accountant on the admission of Oneiro Energy PLC to the Main Market of the London Stock Exchange.
The special purpose acquisition company listed on the London Stock Exchange on 25 May 2023. Gross proceeds of £1.2 million were raised from a placing of new ordinary shares on admission. The total market capitalisation at admission was £2.226 million.
The funds raised will be used by Onerio Energy to target acquisition opportunities within the Global energy market, which will be by way of either a responsible transaction involving natural gas or alternative energy solutions such as hydrogen, as well as technology metals, carbon capture and carbon storage. The Company’s aim is to refocus the energy market away from coal, which still accounts for 36% of Global energy generation.
Roderick Murray (non-executive director of Oneiro Energy PLC) commented: “the directors of Oneiro Energy are delighted to list on the standard market and would like to thank Gerald Edelman for their timely and efficient help in meeting all regulatory requirements”.