Nightingale Intelligent Systems makes ASX debut
Maddocks has advised Nightingale Intelligent Systems on its successful IPO and listing on the ASX.
Firm: Maddocks (Nightingale Intelligent Systems)
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Deal: Nightingale Intelligent Systems has been advised on its IPO and listing on the ASX.
Value: Undisclosed
Area: Corporate
Key players: The Maddocks team was led by corporate partner Catherine Merity, special counsel Rosamond Sayer and lawyers Danielle Pettit and Maxwell Padley.
Deal significance: Nightingale Intelligent Systems is a US drone technology company headquartered in Silicon Valley. It specialises in unmanned aerial systems (UAS) security robotic solutions and automating the physical security sector.
Further, a statement from Maddocks noted, its use of UAS is designed to meet the future security needs of critical infrastructure for asset owners, “and is considered a key area of growth and opportunity given the current geopolitical environment”.
Nightingale Intelligent Systems’ launch on the ASX comes as part of its global expansion strategy to disrupt the physical security market with automation technologies.
Commenting on the deal, Maddocks lead partner Catherine Merity said: “With major clients in key sectors across eight countries, Nightingale is seeking to disrupt the physical security market as the world looks increasingly for innovative security solutions such as drones.
“We were very pleased to work with the Nightingale team to successfully achieve its IPO and listing and place the company in a position to accelerate growth to protect critical infrastructure assets across the globe.”