A total of 1,267,768,705 new shares have been issued and will be admitted to trading on AIM from this morning.
Revolution Bars Group has announced it has completed its fundraising and restructuring plan which was announced earlier this year.
Revolution, which is also behind the Revolucion de Cuba and Peach Pubs brands, launched a formal sale process in April alongside a restructuring plan that included closing 18 of its 80 bars.
The group initially claimed it was in talks with 32 potential buyers but ultimately turned down an offer from rival bar operator Nightcap.
It instead chose to pursue the restructuring plan, which was supported by £12.5m in emergency funding. The plan was approved by the High Court last month.
As a result of the completion, a total of 1,267,768,705 new shares will be admitted to trading on AIM at 8am today.
Revolution’s board expects the plan to deliver an improvement on significant annualised earnings before interest, taxes, depreciation and amortisation of around £3.8m.
Earlier this year, Revolution’s chief executive Rob Pitcher told The Caterer the group had suffered from a drop in spending by young people amid the cost of living crisis.
He said the "Tuesday, Wednesday, Thursday night out has disappeared” and customers were increasingly visiting only on special occasions.