Gleiss Lutz advises Northern Data AG on a 10% increase of its share capital, excluding shareholders' subscription rights, which was resolved on 12 April 2023, as well as on a rights offering that is planned for later in the year.
The net issue proceeds from the 10% capital increase are to be used to strengthen the company's balance sheet and finance the further growth of the Northern Data Group.
Northern Data AG is a global B2B technology firm with registered office in Frankfurt am Main and data centres distributed worldwide. It specialises in High Performance Computing (HPC) infrastructure, ASIC-based solutions and GPU-based cloud technology.
Gleiss Lutz regularly advises Northern Data, most recently on its virtual Annual General Meeting in 2022 and its acquisitions of the bitcoin miner Bitfield and IT infrastructure provider Decentric Europe in 2021.
Northern Data AG's in-house Group Chief Legal and Compliance Officer Jim Black and Deputy General Counsel Europe Dr Martin Rinscheid also provide advice.
The following team of Gleiss Lutz lawyers advised Northern Data AG: Dr. Stephan Aubel (lead, partner, Corporate), Alexander Gebhardt (counsel, Finance, both Frankfurt), Dr. Walter Andert (Berlin), Dr. Christina Aye (counsel) and Dr. Eva Henkel (all Corporate, both Frankfurt).
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