HEUKING advises Circus SE on capital increase of €21.5 million
A HEUKING team led by Cologne partner Dr. Thorsten Kuthe advised Circus SE on a capital increase with subscription rights of up to €21.5 million from authorized capital. The pre-placement was successfully completed.
The capital increase is being carried out against cash contributions through the issue of 1,330,588 new bearer shares. The placement/subscription price is EUR 16 per share, resulting in total issue proceeds of EUR 21.5 million. One million new shares were issued to qualified investors as part of a private pre-placement. This pre-placement was made possible because the existing shareholders, who hold around 78.63% of the shares in Circus SE, waived their subscription rights.
The placement was accompanied by Hauck Aufhäuser Lampe as sole global coordinator.
Hamburg-based Circus SE is a solution provider for the automation and digitalization of the food service industry, combining robotics, artificial intelligence, and software engineering. With its CA-1 robot, Circus offers a novel automation solution that is attracting considerable interest worldwide.
The HEUKING team led by Dr. Thorsten Kuthe regularly advises Circus SE on capital market law matters, most recently on its listing on the m:access market of the Munich Stock Exchange.
Counsel to Circus SE
HEUKING:
Dr. Thorsten Kuthe (lead),
Stefan Westerheide, LL.M. oec,
Tatiana Vorotnitskaya, k.i.n. (Belarusian State University),
Miriam Schäfer (all Capital Markets Law), all Cologne
