Powerhouse to sell $1 mln stake in Invert Robotics, trimming holding by almost a quarter

Tue, 19 Jun 2018

By Paul McBeth June 19 (BusinessDesk) - Powerhouse Ventures, which in April ditched plans for a rights issue in favour of funding from two cornerstone investors, will trim its stake in Invert Robotics after shopping around the investment for several months. The Christchurch-based, ASX-listed incubator said it plans to sell up to 57,111 of its 247,085 Invert Robotics shares at $17.51 apiece. That would reap the investor up to $1 million, and it's already attracted expressions of interest for $800,000 of Invert stock. The sale price values...

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