IkeGPS mulls acquisitions with residual capital raised, maintains 2017 guidance

Wed, 21 Sep 2016

By Sophie Boot Sept. 21 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, could use funds left over from the $8 million raised in the past two months to make acquisitions and may look to raise more capital, as it works towards dual-listing on the Australian Securities Exchange. The Wellington-based company announced a second capital raise of $3 million last month, in addition to the $5.25 million raised earlier in August. It said the money would be used to further expand sales and marketing in the US and the wider international ma...

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