Deal typeCapital Markets & Private Equity
IndustryFinancial Services & Technology & Media
Sub-industryTechnology
Client nameSatsuma Technology plc
BDO acted as reporting accountant for Satsuma Technology plc on its move from the transition category of the Official List to the equity shares (commercial companies) category of the Official List and admission to trading on the Main Market for listed securities of the London Stock Exchange.
Satsuma operates a treasury policy of holding Bitcoin as its primary reserve asset and intends to develop Bitcoin-based revenue lines, including Bitcoin staking and decentralised AI operations.
The BDO project team included:
Ian Cooper, Ollie Woodward, Alistair Kelsey, Avanish Katkoria, Chris Cannon (Transaction Services)
Daisy Boughtflower, Yuri Cabot, Olivia Bonfield, Martin Haines, Ishvinder Bedi, David Porter, Damon Ambrosini, Ashley Graham (Tax)
Matt Hopkins, Yaeesh Anver Joosub, Lois Lindley, Matthew Kalil, Kyle Pratt, Tim Lawrence (Audit)
Satsuma operates a treasury policy of holding Bitcoin as its primary reserve asset and intends to develop Bitcoin-based revenue lines, including Bitcoin staking and decentralised AI operations.
“It was an absolute pleasure to work with the BDO team on our IPO. The team understood what matters in terms of the transaction when many would have over-complicated and missed the point, focussing on the wrong things. The timetable was also extremely tight with a lot of changes in the latter stages with BDO remaining available and flexible to deliver on time.
The team was always calm and highly personable making them a joy to work with, always retaining a "can-do" attitude. I cannot recommend them highly enough.”
Andrew Smith, CFO, Satsuma Technology plc
The BDO project team included:
Ian Cooper, Ollie Woodward, Alistair Kelsey, Avanish Katkoria, Chris Cannon (Transaction Services)
Daisy Boughtflower, Yuri Cabot, Olivia Bonfield, Martin Haines, Ishvinder Bedi, David Porter, Damon Ambrosini, Ashley Graham (Tax)
Matt Hopkins, Yaeesh Anver Joosub, Lois Lindley, Matthew Kalil, Kyle Pratt, Tim Lawrence (Audit)