Aquis new admission: Boanerges

Boanerges is a shell, or special purpose acquisition company, that is seeking to acquire technology companies involved in big data, machine learning, telematics and internet of things. These could be pre-commercialisation or at an early stage of commercialisation.

Although the subscription was at 20p a share, the share price was expected to open at 2p according to the prospectus. That compares with pro forma cash of 1p a share because most of the shares had previously been issued at 0.1p each.

The opening trade was at 26p a share and there were three other trades at 24p a share. There m...

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