Booster Innovation Fund (BIF) has acquired 6% of shares in ZeroJet Limited, specialising in the development of electric jet propulsion systems to eliminate the need for combustion engines on small boats.
BIF will make a cash investment of $500,000, with a net asset value of $7.9m.
Investors can purchase units in BIF on the NZX or subscribe for units as part of the process described in the fund’s Product Disclosure Statement (PDS).
For further information regarding BIF and the PDS, visit https://www.booster.co.nz/booster-investments/booster-innovation-fund.aspx.
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