IkeGPS to raise $6.25 mln to invest in new project

Thu, 23 Aug 2018

By Sophie Boot Aug. 24 (BusinessDesk) - IkeGPS is in a trading halt as it sells up to $5 million of shares at a premium, with a further raise to come, in an effort to accelerate growth for its new project and smooth lumpy sales. The proceeds would "bolster Ike’s working capital position, underpinning a number of potentially significant IKE Analyze contracts that the business is in the initial stages of delivering, support the lumpy sales cycles associated with Ike’s core business of selling IKE4 systems, and enable investment into additi...

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