---
title: Case - Syncro Group
description: Project management and content creation for production of re-listing memorandum followed by prospectus for new share issue.
image: https://www.expressogroup.com/hubfs/Syncro%20Group-1.png
---

# Preparation of a memorandum prior to re-listing

## Case in brief:

CHALLENGE: To meet a tight deadline and regulations for the production of prospectuses when re-listing  
SOLUTION: Clear project management and dialogue between all partners involved  
RESULTS: Re-listing within the set time frame with a subsequent new share issue that was oversubscribed by 384%

![Syncro Group-1](https://www.expressogroup.com/hubfs/Syncro%20Group-1.png)

**

*“We had come to a situation where the company realized we could no longer pursue the re-issue with internal expertise and resources. We therefore turned to Expresso and Karin Wallström Nordén. She has solid expertise in the road-shows and processes required of listed companies. In addition, she provided clear leadership that enabled everyone involved to understand their role and deliver what was required."*

![Claes Persson](https://www.expressogroup.com/hubfs/Ska%CC%88rmavbild%202021-06-15%20kl.%2015.25.49.png)

Claes Persson

Business Development | Syncro Group AB

## The challenge

Syncro Group (then Gigger Group) planned to launch an IPO through a reverse acquisition. In order for the share to be traded, an approved re-listing memorandum was required.

As the Group's organization at this time was very slim, extra resources were needed to carry out the re-listing and the subsequent new share issue.

## Expresso's solution

- * *
  
  **Project management:** Clear workflow management when preparing the re-listing memorandum for approval by Spotligt and the prospectus for the new share issue
- * * **Content production:** Texts and models for the memorandum, above all the CEO's text and descriptions of the business, the market and the risks.
- * * **Dialogue:** Ongoing dialogue and reconciliation with external stakeholders such as Spotlight and auditors
- * * **Delivery:** An approved re-listing memorandum, followed by a prospectus for a new share issue that was oversubscribed by 384%

**Keys to success:** Establish clear roles in a tight team of experts who worked in a process of continuous reconciliation.

## Expresso's delivery

**

#### Performing Together

 Clear project management and division of labor.

**

#### Ongoing dialogue with external stakeholders

 Clear structure for how content should be packaged.

**

#### Content

 Production of content for the memorandum and prospectus.

## Background

Syncro Group AB (formerly Gigger Group AB) was listed on the Spotlight Stock Market in September 2020 through a reverse acquisition of True Heading AB.

In order for the company's share to be traded on the ordinary list, Syncro Group needed to submit a so-called re-listing memorandum that met the exchange's requirements.

The re-listing was followed by a new share issue, with a prospectus produced as part of the project. The issue was very successful and was oversubscribed by 384%.

![Gigger-Group-image](https://www.expressogroup.com/hubfs/Gigger-Group-image.png)

## About Syncro Group

Head office: Stockholm  
Geographical spread: Sweden, UK  
Offer: Syncro Group is a conglomerate that acquires, manages and refines SaaS platforms and service companies that optimize the efficiency of managing personnel-intensive processes.

[ Visit Syncro Group's website ](https://syncro.group/)

![Syncro-revenue streams](https://www.expressogroup.com/hubfs/Syncro-revenue%20streams.jpg)

## Team Expresso 

This project was delivered by Expresso

## [Karin W Nordén](https://www.expressogroup.com/sv/omoss?hsLang=en)

[Business strategist](https://www.expressogroup.com/sv/omoss?hsLang=en)

![Karin W Nordén](https://www.expressogroup.com/hubfs/Seated-WS-4-March-2020-1.jpeg "Karin W Nordén")

## Are you facing an IPO and need help to produce a smart company presentation and memorandum or prospectus?

[ Get in touch and we'll show you how! ](https://www.expressogroup.com/en/contact-us?hsLang=en)