UK listed businesses have tapped investors for £3.4bn in additional funds since the COVID-19 lockdown began on 23 March, according to Pinsent Masons
Nine of the 33 successful fundraisings in that time have used ‘cashbox structures’, raising £1.8bn, the firm said. Speed is vital and cashbox fundraising, where companies issue shares in return for shares in a special purpose vehicle which can be redeemed for cash, takes days rather than weeks.
Julian Stanier, head of corporate finance, said: ‘Cashboxes are flavour of the month because they deliver that capital at speed.’
