TradeWindow has announced its intention to raise up to NZ$20 million via a non-underwritten capital raising, with the offer price set at 45 cents per share, a 10% discount on yesterday’s market close.
The proceeds from the capital raising will be used to build the global trade platform, and drive organic growth and a path to profitability.
Shareholder approval is needed for the Share Offer, with a meeting of TradeWindow shareholders to be held virtually on 31 January 2023 to approve the Share Offer.
The Share Offer is open to existing shareholders and new investors, and to wholesale investors in certain other jurisdictions.
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