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.

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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.