Press Release - 12/10/2021
Edwin Coe advises Ethernity Networks on a £4.2m fundraising
Edwin Coe is pleased to announce that it advised Ethernity Networks Ltd on a fundraising to raise £4.2m through the issue of 12,000,001 new Ordinary Shares. The issue was over-subscribed and had to be scaled back.
The Edwin Coe team was led by Daniel Bellau of our Corporate & Commercial team who commented “We’re delighted to be able to assist Ethernity Networks on the successful completion of this transaction as part of their expansion plans.”
Ethernity Networks (AIM: ENET) is a leading provider of networking and security software solutions on programmable hardware for accelerating the performance of telecommunications and cloud networks. Headquartered in Lod, Israel, Ethernity was founded in 2004 and has its technology deployed in over 700K systems worldwide, connecting over 100M end users. The proceeds of the transaction will be used to strengthen the balance sheet, to support the growing number of engagements for its 5G offering and for general working capital purposes.
You can read Ethernity Networks’ news release on their website.
About Edwin Coe
Edwin Coe is a London-based full service law firm with international reach. Since 1913, we have offered a comprehensive range of integrated legal services to meet the needs of individuals, organisations and businesses based throughout the UK and internationally. Our industry-leading experts provide our clients with highly personal and responsive advice, balancing profit and purpose, to help achieve their personal and business goals.
With 39 Partners, we are ranked 115 in the current edition of The Lawyer’s ‘UK 200’ law firms and are recommended in all the major legal directories. We are proud to be B Corp™ certified, part of a global community of businesses working to redefine success in business, and create a more inclusive and sustainable economy.
