Revasum completes $7.9m cap raise

By Emma Ryan|16 February 2021
Revasum cap raise

National law firm, Maddocks, has advised US-based tech company Revasum on its latest capital raising, worth $7.9 million.

Firm: Maddocks (Revasum).

Advertisement
Advertisement

Deal: Revasum has completed a capital raising.

Value: $7.9 million.

SPONSORED CONTENT

Area: Finance, equity capital markets.

Key players: The legal team advising Revasum was led by Maddocks partner Catherine Merity, special counsel Rosamond Sayer and lawyer Millie Crighton.

Deal significance: Based in the US, Revasum designs and manufactures processing equipment for use in the fast-growing semiconductor market.

“The capital raising, announced on 1 February, was by way of a 1 for 3.5 accelerated non-renounceable pro-rata entitlement offer, comprising an accelerated institutional entitlement offer and a retail entitlement offer,” a statement from Maddocks explained, noting that the offer was underwritten by Shaw and Partners.

“This matter is the latest in which Maddocks has assisted Revasum.

“Maddocks advised the company on its ASX listing and A$30 million initial public offering in 2018 and continues to build on the experience of Maddocks Equity Capital Markets team on capital raising for technology clients, including Brainchip, Atomos, Pivotal Systems and Audinate over the last year.”

Revasum completes $7.9m cap raise
Intro image
lawyersweekly logo
SME Law

latest

Nick Humphrey

‘Reboot it all’: How one firm innovated successfully

Vaccine roll-out and parental disputes

Vaccine roll-out and parental disputes: A recipe for disaster?

Joplin Higgins

Why extramarital affairs cannot be overlooked in family law proceedings

Shine lawyers

Shine delivers half-year results

FROM THE WEB
Recommended by Spike Native Network