LONDON, UK: Windward, a leader in maritime predictive intelligence, is admitted to trading on the AIM market of the London Stock Exchange, as the dealings commenced under the ticker “WNWD”.
Windward is a leading predictive intelligence company, fusing artificial intelligence (“AI”) and maritime expertise seeking to digitalize the global maritime industry. Windward’s AI-powered software solution aims to provide real time information and insights on major seafaring vessels at sea, enabling stakeholders within the maritime ecosystem to make intelligence-driven decisions to manage risk and achieve business and operational insights.
Windward has over 70 globally spread customers, including a number of leading participants across the maritime industry, including BP, Shell, HSBC, Gard and Danske Bank and leading government agencies including agencies from the US department of Defence and Homeland Security, Frontex (the pan-European border and coast guard agency) and the United Nations.
On 1 December 2021, Windward announced a placing of new and existing ordinary shares which has today completed. The Placing raised gross proceeds of £26.3 million (US$35 million) of new capital for the Company and £8.2 million (US$10.9 million) for certain existing shareholders and option holders at a placing price of 155 pence per share (the “Placing Price”).
On Admission, the Company will have 81,637,638 Ordinary Shares in issue. The market capitalisation of the Company at the Placing Price will be approximately £126.5 million immediately following Admission.
Canaccord Genuity is acting as Nominated Adviser, Sole Broker and Sole Bookrunner to the Company.
Ami Daniel, CEO and co-founder of Windward, commented: “today marks the next step in the growth of Windward and I am grateful for all the hard work of our team and support of our investors that have helped bring us to this point. The global maritime industry is facing pressure from multiple directions – increasing compliance requirements, increasing freight shipping costs, lack of data visibility and all against a pressing need to steer towards a carbon neutral future. We are committed to providing the solution to our customers to plot a course through these issues and are excited by the opportunity we see ahead.”
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