Reach Infrastructure Ltd issues £58.3k of shares in exchange for assets

Reach Infrastructure Ltd has issued £58.3k of shares in exchange for non-cash assets. Based in London, the company provides a white-label mobile and connectivity platform that enables brands, retailers, and employers to launch their own branded mobile and broadband services. The platform includes a complete infrastructure stack featuring network access, billing, SIM logistics, and customer portals.

The share issue was for non-cash consideration such as a business, property, intellectual property, or goods (allotment date September). This transaction did not involve a new cash investment or funding round.

The company was incorporated in January. In September, Daniel Caplan was appointed as a director; LinkedIn profiles suggest he is possibly the Chief Executive Officer at Sand Grove Capital Management LLP.