Martin Jetpack seeks A$25 million in ASX listing to fund commercialisation

Mon, 27 Oct 2014

By Suze Metherell Oct. 28 (BusinessDesk) - Martin Aircraft Co, which counts Jenny Morel's No 8 Ventures among its shareholders, is looking to raise A$25 million in an ASX listing to fund plans which it says would make it the world's first commercial jetpack manufacturer. The Christchurch-based company will issue between 20 million and 50 million shares at 50 Australian cents apiece with a minimum investment of 4,000 shares, according to offer documents lodged with the Australian Securities and Investment Commission. That would value the c...

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