Ashington Innovation appoints Richard Paolone and Daniel Nauth to its Board as Non-Executive Directors

– UK, London –  Ashington Innovation plc (LON: ASHI | FSE: 6FW), a special purpose acquisition company, today announced the appointments of Richard Paolone and Daniel Nauth to its Board as Non-Executive Directors with immediate effect.

About Richard Paolone

Mr. Paolone is the principal lawyer of Paolone Law Professional Corporation and brings significant experience consulting and advising some of the leading portfolio managers in North America. Mr. Paolone is a Toronto-based securities lawyer where his work focuses on securities, corporate finance, and mergers and acquisitions. He has a wide range of corporate experience from representing companies in private and public offerings of debt and equity securities. Furthermore, Mr. Paolone has been integral to multiple mergers and acquisitions and reverse takeover transactions in the industries of mining, cannabis, carbon credits, oil and gas, technology, and plant-based food. Mr. Paolone currently serves as Director and CEO of several private and reporting companies.

About Daniel Nauth

Daniel Nauth is a legal expert with over a decade of experience gained on both Wall Street in the U.S. and Bay Street, the center of Toronto’s Financial District. He has deep experience across U.S. securities and corporate law, specializing in advising both public and private issuers across U.S.-Canada cross-border capital markets, mergers, and acquisitions, corporate and securities transactions, and regulatory compliance. His extensive advisory experience spans various industries including mining, oil and gas, emerging biopharmaceuticals, medical devices, medicinal cannabis, cryptocurrencies, and blockchain technology. Transactions that Mr. Nauth has supported include several seven-figure financings and business combinations.

About Ashington Innovation plc

Ashington Innovation PLC is a special purpose acquisition company, formed to acquire businesses operating in the technology sector, in particular the financial services technology and deep technology sectors.

The Company believes that in the increasingly fast-changing global environment, there will be an abundance of opportunities to acquire existing businesses in the technology sector, and in particular businesses that possess and utilize proprietary technologies and own applicable intellectual property.


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