IkeGPS raises $3.7 million in placement, plans another $1.3 million raise

Thu, 17 Aug 2017

By Sophie Boot Aug. 18 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, said it has raised $3.7 million in an oversubscribed placement to Australian and New Zealand institutional and wholesale investors. The share placement, which Ike announced earlier this week, was priced at 29 cents per share, a 9 percent discount to where the shares were trading before they were halted on Aug. 15. The stock has shed 51 percent over the past 12 months. The company said it intends to offer New Zealand shareholders a share purchase plan to ra...

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