Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
Maddocks has advised a global video technology company on its capital raising to accelerate the development of new online streaming opportunities.
Firm: Maddocks (Atomos)
Value: $10.9 million.
Area: Capital raising, finance
Key players: The team consisted of partner Catherine Merity and special counsel Rosamond Sayer.
Deal significance: Funds will be used to accelerate the development of new products to address the emerging online streaming opportunities and strengthen the balance sheet, under this deal completed by Maddocks.
The institutional placement of the new fully paid ordinary shares was launched on 11 May and was oversubscribed, with strong interest from existing shareholders and new institutions. A share purchase plan, offering existing shareholders an opportunity to further invest in the company to raise $1.7 million, will soon follow.
We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
You can email Naomi at:
Get breaking news
Naomi Neilson
