ikeGPS Announces Equity Raise of NZ$19.7 Million

  • Jul 28, 2020 NZST
  • Team Kalkine
ikeGPS Announces Equity Raise of NZ$19.7 Million

ikeGPS Group Limited (NZX:IKE) is conducting an institutional placement and a fully underwritten 1 for 7 accelerated non-renounceable entitlement offer to raise about NZ$19.7 million. The funds will be used to:

  • increase the company’s sales, support, and implementation teams to support recent customer wins and a growing sales pipeline;
  • provide funding capacity for potential growth opportunities.

The offer will be conducted at a price of NZ$0.68 per New Share.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
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