GESSEL advised DataWalk S.A. on yet another public share issue – its third and, simultaneously, the largest one.

Our lawyers prepared the requisite documents and attended to the technicalities of the public share offering within the target capital of the company (with acquisition rights by existing shareholders excluded). The share offering was addressed to qualified investors who had participated in the book-building process; the aggregate value of new issue shares taken up was PLN 65 million.

The company plans to invest all proceeds from the share sale and from investors in hiring new staff over the coming months for roles, among other areas, in sales and in implementation. 

The GESSEL lawyers working on this project were Julia Trzmielewska, senior associate and Jakub Rowicki, associate, with Krzysztof Marczuk coordinating the whole.

DataWalk S.A. is a Polish tech company listed on the main floor of the Warsaw Stock Exchange since 2019 (and, previously, within the NewConnect alternative trading system). The company is a specialised creator of software for analysing large volumes of data; its products are used, among other sectors, in the financial and insurance industries.