Bailador’s Siteminder Signed Definitive Agreement to Undertake an Equity Raising

Bailador Technology Investments Limited (ASX: BTI) announced that portfolio company SiteMinder has signed a definitive agreement to undertake an equity raising from new institutional investors.

As per Baildor’s policy to revalue its investment to match third party transaction, the transaction will result in a 27% uplift of current carrying value of SiteMinder from $72.9 million to $92.4 million.

There would also be an opportunity for Bailador and other early SiteMinder investor for a partial cash realisation at the same valuation as the new shares issued under the Transaction.

The transaction would result in increasing the pre-tax net tangible assets of BTI per share by 16.3 cents.


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