Trade Window announces $10m capital raise: 'The time for digital trade is now'

Trade Window announces $10m capital raise: 'The time for digital trade is now'
Chief executive AJ Smith said Trade Window needed to move fast to take advantage of the customers demand for improved supply chains. (Photo: Trade Window)
Dan Brunskill
Import and export software company Trade Window has entered a trading halt as it begins a $10 million capital raise to fund an acquisition and further development of its products. The early-stage listed company plans to raise $9m in a private placement to institutional investors and another $1m from existing shareholders in a share purchase plan. New shares will be offered in the placement at 70 cents, which is a 31% discount from Monday’s closing price of $1.01. The purchase plan shares will be sold at the placement price,...

More Markets

Port of Tauranga Stella Passage project referred to fast-track process
Markets

Port of Tauranga Stella Passage project referred to fast-track process

The infrastructure minister has accepted Port of Tauranga’s request to refer the Stella Passage development resource consent application to the fast-track consenting process.The application is the same as the one lodged with the Environmental Protection Authority (EPA) in April t...

Rakon reports 1H net loss of $3 million
Markets

Rakon reports 1H net loss of $3 million

Rakon has reported a net loss of $3 million for the six months to Sept 30, compared with its year-ago $10m loss.Revenue increased 30.2% from the year-ago $41.7m to $54.2m.Underlying earnings before interest, tax, depreciation and amortisation (ebitda) were $3.6m from a year-ago e...

The contest for gentailers isn’t electrons – it’s politics
Markets

The contest for gentailers isn’t electrons – it’s politics

Big spend, high stakes: gentailers outline plans that depend on political tolerance.

Air NZ’s Ravishankar grows up in public
Opinion

Pattrick Smellie: Air NZ’s Ravishankar grows up in public

The national airline’s new CEO faces plenty of challenges, some self-inflicted.