TradeWindow, a global trade software company, has successfully raised $1.03 million in new equity through a placement.
The funds will be used to strengthen the company's balance sheet.
TradeWindow will issue 5,438,196 new ordinary shares to existing and new wholesale investors at a price of $0.19 per share, representing a 9% discount to the volume weighted average price of the shares traded on the NZX over the past 90 days.
The company is also pursuing a foreign exempt listing on the ASX to increase its profile in the Australian capital market.
TradeWindow's chief executive, AJ Smith, expressed gratitude for the support received from investors and highlighted the potential for growth in the dual listing.
The company expects to achieve ebitda breakeven for the financial year 2026.
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