Technologies New Energy Joins London Stock Exchange Following Successful de-SPAC
Deal News | Apr 28, 2025 | Orrick
Technologies New Energy plc, a re-registered clean and renewable energy-focused company, is set to list on the London Stock Exchange Main Market following a de-SPAC and reverse takeover. The deal, orchestrated by Orrick, involves re-registering Codex Acquisitions plc to Technologies New Energy and incorporates a primary financing, necessitating an FCA prospectus. Listing is anticipated for April 2025. Technologies New Energy, initially established in Portugal in 2018, specializes in consultancy, contracting, and portfolio management for renewable energy projects, aiming to accelerate energy transitions and digital transformations globally.
Sectors
- Renewable Energy
- Finance - Mergers and Acquisitions
Geography
- United Kingdom – The country where Technologies New Energy is listing on the London Stock Exchange Main Market.
- Portugal – The original country of incorporation for Technologies New Energy before its re-registration in the UK.
Industry
- Renewable Energy – The primary industry of Technologies New Energy, which focuses on providing cutting-edge solutions to facilitate energy transitions and sustainable development.
- Finance - Mergers and Acquisitions – The structuring of the de-SPAC and reverse takeover to facilitate Technologies New Energy's listing pertains to the M&A sector.
Financials
- Not specified – Primary financing associated with the de-SPAC was mentioned, but no specific value was disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Technologies New Energy plc | Target Company | Company | A company focused on renewable energy, set to be listed on LSE following a de-SPAC. |
| Orrick | Legal Advisor | Company | Law firm advising Technologies New Energy on its de-SPAC and listing process. |
| Codex Acquisitions plc | Predecessor Entity | Company | The SPAC originally listed that was re-registered as Technologies New Energy plc. |
| UK Financial Conduct Authority (FCA) | Regulatory Authority | Government | The body publishing the prospectus and overseeing the listing process. |