Etherstack Plc (ASX:ESK) Etherstack plc Trading Update
Etherstack plc Trading UpdateSydney, Jan 29, 2021 AEST (ABN Newswire) - Etherstack Plc (
ASX:ESK) successfully completed a capital raising in December 2020 via an institutional placement with new institutional investors and high net worth investors, raising AUD$5 million before costs. The placement was undertaken at an issue price of AUD$0.58 per CDI and the proceeds of the raise will provide balance sheet flexibility to:
- Enable and accelerate the pursuit of evolving market opportunities in Government Infrastructure, Defence and Public safety markets in particular those opportunities involving Etherstack s Mission Critical Push to Talk and PTT over satellite solutions;
Etherstack Plc (ASX:ESK) Presentation - Successful Placement Oversubscribed
Presentation - Successful Placement OversubscribedSydney, Dec 18, 2020 AEST (ABN Newswire) - Etherstack plc (
ASX:ESK) is pleased to announce it successfully raised AUD $5 million via an institutional Placement with new institutional investment funds and HNW investors (Placement).
Key points:
- Strong support from institutional investors. The Placement was substantially oversubscribed demonstrating the strength of support from the institutional investors; and
- Proceeds of the Placement will provide balance sheet flexibility to:
o Enable and accelerate the pursuit of evolving market opportunities in Government Infrastructure, Defence and Public safety markets in particular those opportunities involving Etherstack s Mission Critical Push to Talk and PTT over satellite solutions;