ATLANT 3D

Limited capacity

Award-winning 3D microchip printing technology backed by Sony

DISCLAIMER – This deal has been arranged, reviewed and introduced by West Hill Capital. Investors are directed to the Important Notice at the front of the Private Placement Memorandum (PPM), which explains the respective responsibilities of the Company and its Directors, and West Hill, which approved the PPM.

What to expect post-investment: West Hill and the Company are responsible for shareholder updates and communications. The expectation is that shareholder updates will be provided once per year. Your investment will be held by Aldbridge Services London and they will be responsible for all corporate resolutions and communications relating to voting and pre-emption matters. 

Important: ATLANT 3D Limited is a UK company with a Danish research subsidiary and US sales subsidiary. EIS3 certificates were issued for the 2022 funding round. However, HMRC subsequently challenged the Company’s EIS-qualifying status. The board and its advisors are appealing HMRC’s challenge as they believe the Company is EIS qualifying and are proceeding with the fundraise on this basis. EIS tax relief for this round is not guaranteed.

Atlant 3D EISToday, millions of products – from smartphones, televisions, washing machines and cars to medical devices, ATMs and trains – rely on microchips, or chips. Demand is expected to increase, as technologies like AI and electric vehicles become more widespread.

Supply is struggling to keep up. Meanwhile, new electronics solutions are hard to develop with the current conventional methods, which were set up over 60 years ago.

ATLANT 3D Limited (“ATLANT 3D” or the “Company”) has developed proprietary and patented “Nanofabricator” technology that enables atomic scale manufacturing and innovation. The technology enables the printing of microdevices atom by atom, that could transform semiconductor design and manufacturing processes in a near $3 trillion global industry. 

ATLANT 3D’s technology delivers a plug and play solution that makes prototyping cycles up to 10x faster, with cost savings as high as 90%. The first client was NASA (2021), which used ATLANT 3D’s technology to manufacture advanced electronic solutions in low gravity environments.

The Company works with semiconductor manufacturers such as STMicroelectronics (€25 billion market cap) and Siemens has just announced a significant partnership to develop semiconductors for use in AI. This collaboration represents a key alignment with the EU Chips Act, which aims to strengthen Europe’s semiconductor industry.

The Company has attracted c.€25million of investment to date, including €14.5 million equity funding from Sony, West Hill, Diode Capital and Northern VCTs (managed by Mercia) along with €10 million of non-dilutive funding from the European Space Agency, the EU and the Danish government.

After five years in development, ATLANT 3D’s proprietary technology is now being introduced to the market with applications across quantum computing, semiconductor manufacturing and advanced materials production markets. 

Validation of the Company’s technology has come via joint ventures and projects carried out for ATLANT 3D’s initial customers, including NASA, Samsung, Meta, Sony, STMicroelectronics, Merck, Thales Alenia and the European Space Agency. This has led to indicative sales interest from some of these parties and others under NDA of €50 million+ – not guaranteed. The Company reports it has received approaches from some of the most prominent institutions in the semiconductor industry, as well as numerous requests for collaboration from many of the world’s largest technology companies.

The Company forecasts early revenues of £0.2 million this year before expected full commercialisation in 2025, reaching £464 million revenue and £177 million EBITDA by 2029 – high risk and not guaranteed.

To support the scaling of its innovation, the Company has launched a £10 million equity raise, led by West Hill Capital with co-investment from several US and European VCs.

For a limited period, Wealth Club investors have an exclusive £1 million allocation, co-investing alongside and on the same terms as others in the round. The minimum investment is £25,000 (usually £50,000) and you can apply online.

Based on the Company’s forecasts, target returns could be in the region of 25x in 2029, not guaranteed – you should form your own view. 

This is currently an early-stage, loss-making company that is in early stages of commercialisation, hence high risk. Before investing, please read the PPM carefully to form your own view and ensure you are comfortable with the considerable risks. 

Important: The information on this website is for experienced investors. It is not advice nor a research or personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. They are high risk and illiquid and can fall as well as rise in value, so you could get back less than you invest.

Watch video: Introducing ATLANT 3D (released by ATLANT 3D in January 2024)

 

Private offer

The Company is seeking to raise £10 million at £2.00 per Ordinary Share. This is equivalent to a fully diluted pre-money valuation of £101.6 million.

Applications (with cleared funds) will be processed on a first-come, first-served basis.

Investors in this round are investing in Ordinary Shares. Please read the PPM carefully for more details.

This private offer is being arranged by West Hill Capital, which will also be responsible for shareholder updates post-investment, expected once every financial year. Wealth Club will endeavour to ensure all investor queries are dealt with promptly.

Risks – important 

This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice.

This investment is high risk, so should only form part of a balanced portfolio and you should not invest money you cannot afford to lose. Many unlisted shares are illiquid and hard to sell and value.

Important: ATLANT 3D Limited is a UK company with a Danish research subsidiary and US sales subsidiary. Following the issuance of EIS3 certificates relating to the previous funding round in 2022, HMRC challenged the EIS qualifying status of the business. The board and its advisors believe that the Company is EIS qualifying and are proceeding with the fundraise on this basis and are appealing HMRC’s challenge. EIS tax relief for this round is not guaranteed.

Before you invest, please carefully read the PPM which contains further details on the considerable risks – including, but not limited to, operating, technology, competition, market acceptance, product, employee, IP and financial – alongside the Wealth Club Risks and Commitments.

This is a single company offer with no diversification. It involves investing in an early-stage, loss-making business, which is by nature high risk and prone to failure. There is a risk that the capital raised may not be sufficient to achieve the Company’s objectives. You could lose the amount you invest.

The value of tax benefits depends on circumstances and tax rules can change. 

An exit could take longer than the three-year minimum EIS holding period. Equally, an early exit could affect tax relief.

Structure and fees

Investors will pay no direct initial or ongoing charges to invest. Fundraising costs are being met by the Company. Please refer to the Schedule of Charges for more details. 

To invest, you will have to qualify as an Elective Professional Client of West Hill. The investment will be held via a nominee structure through Aldbridge Nominees (Woodside).

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination. 

The details

Type
Single company
Sector
Technology
Target return
25x
Funds raised / sought
£8.0 million / £10.0 million
Minimum investment
£25,000
Deadline
25 Sep 2024
Last updated: 19 August 2024

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