Spinnaker Opportunities Share Discussion Threads

[currypasty] 29/1/2021 14:18

As announced on 15 June 2020, the warrants that were issued to IPO subscribers on 17 May 2017 expired on 17 May 2020. With the consent of Kanabo the board intends to issue, subject to Admission, fresh warrants to shareholders on the register at the time of this announcement. Pursuant to a warrant instrument, the Company shall, conditional on Admission, grant a warrant over one new Ordinary Share for every two Ordinary Shares. The warrants granted under the terms of the RTO Warrant Instrument shall be exercisable in the period commencing on the date of Admission until the date 12 months after the date of Admission. The warrants shall be exercisable at 10 pence per Ordinary Share.



They were at 7.5p, now 10p with just 12 months, I bet it gets there very quickly

[tinker10] 29/1/2021 13:43

Kanabo....

[tinker10] 29/1/2021 13:42

Finally happening!

Nice little lift in opening price for existing holders. Need to go research Kinabo properly again to work out my strategy....

[currypasty] 29/1/2021 12:18

Conditional on Admission, the Company has raised gross proceeds of GBP6,000,000 in an oversubscribed fundraising, via the issue of 92,307,693 Ordinary Shares, which have been conditionally placed at the Fundraising Price of GBP0.065, predominantly by Peterhouse, on behalf of the Company with institutional and other investors (including high net worth investors) and SI Capital as Placing Agent.

Spinnaker is a company incorporated in England and Wales with company number 10485105. The Ordinary Shares are registered with ISIN GB00BYQCS703, SEDOL code BYQCS70 and TIDM, conditional on Admission KNB.

On Admission, the expected value of the Enlarged Group will be approximately GBP23,400,000.

[currypasty] 26/1/2021 11:11

thanks idlejack... link below hopefully

[baggins100] 21/1/2021 17:37

suspended from trading currently

[currypasty] 21/1/2021 17:32

they are currently suspended pending the reverse

[euclid5] 21/1/2021 17:30

what's Spinnaker's epic code - can't find them under SOP epic code

[euclid5] 21/1/2021 17:24

and so are also waiting for Kanabo to reverse into them?

[baggins100] 21/1/2021 17:09

Spinnaker are already trading on the LSE

[euclid5] 21/1/2021 17:00

so I take it that Kanabo is reversing into Spinnaker soon

so we have to wait until the shares get a listing onto the main LSE

anyone know how much they will need to raise, to take that company forward

[idlejack] 21/1/2021 16:46

You are welcome CP, it makes interesting reading. It will be interesting to see how it trades in the first few weeks. Not many people have heard of either company.

[currypasty] 21/1/2021 13:12

thanks idlejack (clickable link)


"Speaking to Cannabis Health, founder and CEO, Avihu Tamir revealed that the it had an over-subscription almost 300 percent higher than its £3.2 million target."

[idlejack] 21/1/2021 13:00

hxxps://cannabishealthnews.co.uk/2021/01/21/game-changer-for-the-sector-first-cannabis-company-expected-to-list-on-uk-stock-market-next-month/

[currypasty] 12/1/2021 12:28

If anyone is interested in the IPO/ relist/ reverse the first step is SOP brokers Peterhouse Capital, and SI Capital.

potential HNW / sophisticated investors can contact them, or get your broker to on your behalf.


I shall be contacting my broker this morning, and so If / When I'm made an insider, I wont be posting any more till things are public


good luck everyone

[tenniselbow] 11/1/2021 17:56

Do we know what price are they trying
To raise money at ?

[currypasty] 11/1/2021 16:16

Further to previous announcements regarding the proposed reverse take-over of medicinal cannabis company Kanabo Research Ltd ("Kanabo") (the "RTO" or the "Proposed Acquisition"), Spinnaker notes the article published in today's Financial Times and the televised interview featured on Sky News, in which Kanabo describes its business and its intentions to list on the London Stock Exchange shortly.

As referenced in the article, the Board of Spinnaker can confirm that the Company, together with Kanabo, is currently undertaking an investor roadshow as part of the Proposed Acquisition.

Andy Morrison, Chairman of Spinnaker, said:

"The board of Spinnaker is pleased to see that the RTO is progressing well. We are particularly delighted with the range and quality of interest being shown from the UK investment community in the Proposed Acquisition, and are increasingly confident that shareholders can expect completion of the RTO shortly, subject to FCA and other relevant approvals."

[tinker10] 11/1/2021 14:03

IPO next month says FT

[currypasty] 07/1/2021 12:14

To find out more about the New Leaf Opportunities campaign, please email [e-mail]






Volteface is pleased to announce the launch of ‘New Leaf Opportunity’, a campaign focusing on the economic benefits, innovations and investment opportunities that medical cannabis and CBD can bring to the UK in 2021.

This campaign is spearheaded by Volteface, featuring innovative medical cannabis company Kanabo, investment group Spinnaker Opportunities, legal firm Ince and cannabis consultancy group Hanway Associates.

[idlejack] 18/12/2020 08:42

Great news. Hopefully back by February