K&L Gates Advises Fonix Mobile plc on AIM Admission and Fundraising

London - Global law firm K&L Gates LLP has advised Fonix Mobile plc on its listing on the AIM market of the London Stock Exchange and a £45 million secondary placing.

Fonix is a UK focused mobile payments and messaging company enabling businesses to charge users' mobile bills and send users SMSs via their carrier. Through its robust and high throughput technology and deep sector expertise across key verticals including media, gaming, charity, ticketing, and digital services, Fonix has developed strong, lasting relationships with its clients and mobile network operators.

Rob Weisz, Chief Executive of Fonix Mobile plc, commented: “Thanks so much to all of the team at K&L Gates. The team worked tirelessly through this process in a really short time period and were hugely efficient and supportive in helping us get the IPO over the line.”

The K&L Gates team that advised Fonix was led by London corporate partner Tom Wallace and included corporate associates Robert Boughey and Victoria Cormack, regulatory partner Philip Morgan, technology transactions senior associate Sunny Kumar, and employment associate Natalie Taylor.

Tom Wallace stated: “It was a pleasure to work on this transaction with Fonix and be a part of the Fonix growth story. This transaction illustrates our position as a leading adviser to companies listing on the AIM market and played to our strengths in working with technology-enabled and regulated businesses.”