Overview
Frankfurt a.M., November 25, 2021 – Shortly after its listing on the Prime Standard of the Frankfurt Stock Exchange, The Social Chain AG successfully completed a capital increase. A team from McDermott Will & Emery advised the Joint Bookrunners Joh. Berenberg,Gossler & Co. KG, ABN AMRO Bank N.V., and Quirin Bank AG as Underwriters’ Counsel.
A total of 1,145,324 new shares were placed with institutional investors at a price of 46.40 euros per share. This corresponds to gross issue proceeds of 53.1 million euros. The Social Chain AG will use the funds to partially finance the acquisition of DS Group.
McDermott had already advised Joh. Berenberg, Gossler & Co. KG, which acted as Sole Global Coordinator in the capital increase, as listing agent in connection with the transfer of The Social Chain AG from the unregulated market of the Düsseldorf Stock Exchange to the regulated market of the Frankfurt Stock Exchange.
The McDermott team advising Joh. Berenberg,Gossler & Co, ABN AMRO Bank N.V., and Quirin Bank was led by partners Simon Weiß and Joseph Marx and included associates Christoph Schäfer and Isabelle Müller (all Capital Markets, all Frankfurt).
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