Kreston Reeves advises Kondor AI on Aquis Stock Exchange listing
16th January 2024
Author EditorPosted on Categories News
Kreston Reeves has acted as reporting accountants to Kondor AI on its admission to the Aquis Stock Exchange.
Kondor AI was admitted to the Aquis Stock Exchange on 21 December, raising £1.5 million.
The business is a London-based developer of vision-based artificial intelligence products that analyses images and live photos responding to questions and challenges based on visual input. It is being offered to both business and consumers on a software-as-a-service model.
Jonathan Bixby, Co-Founder and Executive Chairman at Cykel AI, said: “Kondor’s debut on the AQUIS market is a major step in the company’s development and provides a strong foundation to execute our long-term growth strategy. We are delighted with the strong support from a wide range of investors to build a global AI vision Company under the Kondor brand.
“We are grateful to the Kreston Reeves team for their support in this significant milestone.”
The Kreston Reeves team was led by Corporate Finance Director Craig Dallender, Corporate Finance Assistant Manager Lloyd Halliwell, Partner Anne Dwyer and Audit Manager Claire Faruque.
Craig Dallender said: “We are delighted to have supported Kondor AI in its admission to the Aquis Stock Exchange as reporting accountants – it is an important step in its growth journey.
“It is the second AI company that we have helped list on AQSE, having acted as reporting accountants to Cykel AI in November and shows the strengths we have to help businesses grow through listings, fundraising and mergers and acquisitions.”
Kreston Reeves has in the past 12 months acted as reporting accountants to Cykel AI and Kondor AI on their admission to the Aquis Stock Exchange alongside deals with a combined value exceeding £120 million.