London Stock Exchange welcomes RC Fornax to AIM

London Stock Exchange today welcomes RC Fornax, the UK-based, highly accredited engineering consultancy, to AIM following its successful fundraising and admission to trading. RC Fornax’s ordinary shares will trade under the ticker “RCFX”, with dealings having commenced at 08:00 BST on 5 February 2025.

The team celebrating on the balcony at LSEG during the welcome ceremony.

RC Fornax is a specialist provider of high-impact work package solutions for critical military platforms, delivering outcome-driven engineering services under Statements of Work (SoW). Founded by two ex-RAF engineers who spotted deficiencies in the existing outsourced contract defence market, the company has rapidly established itself as a trusted partner to leading defence primes, supporting vital national security projects.

The demand for advanced engineering solutions in the defence sector continues to grow, driven by the need for greater efficiency, compliance, and technological innovation. RC Fornax is positioned at the forefront of this transformation, helping customers transition from traditional labour-based contracts to fully managed, outcome-focused services. The company is also well-placed to support the UK Ministry of Defence’s (MoD) commitment to increasing SME integration and shortening supply chains, ensuring more agile and cost-effective project delivery.

RC Fornax’s admission to AIM follows a £6.15 million fundraising, which included a placing of 18,924, 610 new and existing Ordinary shares with certain institutional and other investors. The strong investor interest in the placing underscores the confidence in RC Fornax’s growth potential and its role as a market-disruptive solutions provider in the defence sector.

The proceeds of the fundraise will enable RC Fornax to accelerate its expansion strategy, including the development of its cutting-edge artificial intelligence tool, Project FAS-G (Fornax Automatic Statement of Work Generator), designed to streamline and enhance the delivery of SoW. Additionally, the funding will support the expansion of engineering and training capabilities and the scaling of the sales and marketing teams.

We spoke to Paul Reeves, CEO of RC Fornax about how the IPO has enabled the business to supercharge their growth by investing in new capabilities to support their clients.

[Paul Reeves, CEO, RC Fornax] We at RC Fornax are incredibly proud to be here today at theLondon Stock Exchange to, to deliver our IPO.It's the culmination of months of hard work,and it's going to enable our business to really superchargethe growth and go and deliverour ambition.The investment's gonna be used,at a local level for new people, for new facilities.That's going to give us new capabilities to better support our clients.We're also going to be developing some new technologies,So we're working on a,a new tool which is going to fully automate the statement ofwork creation process.So, we want to fully automate that with an AI powered tooland take that forward, to be able to fully automate theprocess of forming the teams and getting them in place.So, it's using the power of AI,starting to develop our own technologies,and that's the key area of spend for us.We at RC Fornax areare incredibly passionate about the,UK from,the engineering excellence that exists to the products andservices that are delivered.And we're very much looking forwardto continuing to champion that,throughout the different territories thatwe'll begin to get involved withas we influence the products and services that make it tothe front lines of defence.[London Stock Exchange AIM 30th anniversary][Produced in partnership with RC FORNAX. Discover more at londonstockexchange.com/aim]

“Today marks an important milestone for RC Fornax as we join AIM. This listing provides us with the platform to accelerate growth, broaden our reach, and strengthen our role in the UK defence sector.”

“We founded RC Fornax to address key challenges in the industry, and the strong investor interest in our fundraising reflects confidence in our approach. The capital raised will allow us to scale, invest in new technologies such as Project FAS-G, and support critical national security projects more effectively.”

“We are excited about this next chapter of our journey and look forward to working closely with our partners, investors, and customers as we continue to drive innovation and deliver value.”

Paul Reeves
CEO of RC Fornax

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