Transaction overview
Ciesco advises Halosource, a global clean water technology company traded on London Stock Exchange’s AIM market, on their £2.8m equity financing.
The net proceeds will be used to provide additional working capital and to fund the commercialisation of the company’s lead reduction technology and continue the growth of its drinking water business given the progress made in both the business to business and business to consumer channels and for the directors to pursue the potential re-domicile of the company.
About Halosource
HaloSource, Inc. innovates and integrates technologies to deliver clean drinking water solutions to partners with trusted brands around the world.
The Company works with scientists and industry experts across the globe in search of new ways to improve drinking water quality and has been awarded more than 30 patents for its ground breaking chemistries, which provide safe drinking water for more than 10 million consumers globally.
Founded in Seattle, Washington, HaloSource has grown to become an influential leader in drinking water purification. HaloSource is headquartered in the US with operations in China and in India.