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.


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