Ashurst advised Atlantis Resources Limited ("Atlantis"), a recognised global leader in the tidal power sector, on a placing of new ordinary shares. The placing of 11,888,460 shares at 55 pence per share raised approximately £6.5 million

Atlantis plans to use the proceeds to fund project development activities across its project portfolio and for working capital.

The Ashurst team was led by corporate partner Michael Robins, assisted by solicitor Shari Taylor.