We served as Authorized Adviser from 2007 to 2026

The NewConnect Alternative Trading System (ATS) is a market aimed at experienced investors seeking high rates of return while accepting increased investment risk. It offers the opportunity to invest in small and medium-sized companies operating in attractive industries. Investing in such ventures makes it possible to acquire shares in businesses that may generate substantial profits in the future, although they are associated with a high risk regarding the realization of plans and projected results.

OUR HISTORY AS AUTHORIZED ADVISER

We were one of the first Authorized Advisers on the NewConnect market and held this role from 2007, when the market started. We completed 28 introductions of shares to trading on NewConnect, including later share series. Three of the companies we brought to the market, Medicalgorithmics, Centrum Klima and Krynicki Recykling, later moved to the WSE Main Market. For Medicalgorithmics we raised development capital in 2011, brought its shares to NewConnect and were its Authorized Adviser. We later advised on its prospectus and its debut on the WSE Main Market. In the Forbes ranking of NewConnect Authorized Advisers, which rated the performance of the companies they had listed, we came first in 2010 and second in 2011. In total, we have brought 34 companies to the public market.

STANDARDS AND SUPPORT

As Authorized Adviser, we took companies through the introduction of their shares to trading on NewConnect. We supported issuers in preparing the whole capital-raising process and, after the debut, helped their boards meet the disclosure obligations of a public company. We started every project with an analysis of the company’s position and plans and with a full valuation. We paid close attention to a reliable review of management forecasts, to corporate governance and to proper communication with investors.

OUR ROLE TODAY

In the fourth quarter of 2026 we changed our role on NewConnect. We gave up the Authorized Adviser function and now work as a strategic adviser on NewConnect listing projects. We coordinate the whole project and are responsible for the IPO and for a strategy that builds value for shareholders and gives the company access to capital. We advise on the private placement before the debut and on the public offering. We bring to each project the know-how, experience and working standards we developed while taking 34 companies to the public market.

We changed our role because the market has changed. Investors now fund companies that have critical mass and will have news to report in the quarters after the debut. In an IPO, each adviser has a narrow mandate. The brokerage house is responsible for the offering, the law firm for legal compliance, the auditor for historical figures and the investor relations agency for communication. None of them is responsible for the whole: the equity story, the consistency of forecasts with the strategy, the timetable and a price that protects the interests of the company and its shareholders. That is our responsibility.

In each project we:

• prepare, together with the management board, the strategy, an action plan with deadlines, a financial model with forecasts and the company’s valuation,
• match sources of capital to the company’s plans: a share issue, bank debt or subordinated debt, and after the debut also bonds,
• prepare the company for the reporting and corporate governance standards of a public company,
• recommend the offering structure, select with the board a brokerage house with Authorized Adviser status, a law firm, an auditor and an investor relations agency, and direct their work,
• write the business sections of the prospectus or information document and the equity story, prepare the board for investor meetings and take part in the bookbuilding,
• recommend the issue price and the allocation of shares, acting for the company and its shareholders,
• after the debut, tie the company’s communication to the board’s action plan and prepare the move to the WSE Main Market.

We do not provide brokerage, legal or audit services. Advisers chosen by the company provide them, and we direct their work on its behalf. The Authorized Adviser role is held by a brokerage house with that status. Each project is led by Capital One Advisers partners agreed with the client.

We also share the financial responsibility for the project’s success. An agreed part of our success fee can be taken in the company’s shares at the issue price. We have done this in the past, becoming a partner to management boards and shareholders in building the value of their companies.

We invite you to talk to us early, before the company chooses a brokerage house. That is when we can agree the strategy and the offering structure together.