Funds will be used to accelerate development of new products to address emerging online streaming opportunities and strengthen the balance sheet.

The institutional placement of new fully paid ordinary shares was launched on 11 May and was oversubscribed, with strong interest from existing shareholders and new institutions. The placement will be followed by a share purchase plan offering existing shareholders an opportunity to further invest in the company to raise approximately $1.7 million.

The Maddocks team who advised on the transaction was partner Catherine Merity and special counsel Rosamond Sayer.

Morgans Corporate Limited and Henslow Pty Limited acted as Lead Managers to the institutional placement.

This is the latest matter on which the Maddocks Equity Capital Markets team has advised Atomos.

The firm advised Atomos in 2019 on its acquisition of UK-based Timecode Systems and its concurrent $22.56 million capital raising. Maddocks also advised Atomos on its initial public offering and ASX listing in 2018.

Editor note:

Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the education, government, healthcare, infrastructure and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.

For more information:

Jason Silverii
Communications Manager
Tel: 3 9258 3509
Mobile: 0407 618 058
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