PKF supports Tribe Technology’s admission to AIM

PKF Littlejohn has recently supported Tribe Technology PLC on its admission to trading on AIM.

Tribe Technology PLC has raised gross proceeds of £4.6m by way of a placing of £4.5m, and a retail subscription of approximately £0.1m, giving a market capitalisation of £22.2m on admission.

Tribe Technology PLC is a disruptive developer and manufacturer of autonomous mining equipment. The net proceeds from the fundraise are intended to be utilised for working capital, research and development and operational/sales expansion.