Mach7 achieves completion of Placement and Institutional Entitlement Offer   

Mach7 Technologies Limited (ASX:M7T) announced the completion of the institutional placement as well as the institutional entitlement offer by raising $23.4 million. Some highlights of the completion include:

  • The Placement and Institutional Entitlement Offer raised $3.7 million and $19.7 million respectively, a total of $23.4 million.
  • The Company will progress the planned Retail Entitlement Offer to raise a further $11.4 million, taking the total capital raise to $34.8 million
  • All 51.2 million shares will be issued at $0.68 per share and total funds of $34.8 million will be used to fund the purchase of Client Outlook Inc

Mach7 is continuing a market disruptive, high growth journey, which has now been enhanced by its acquisition of Client Outlook.





Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK