Maddocks advises piping specialist on capital raising
Maddocks has advised ASX listed Tubi Limited on a capital raising to raise up to $6.1 million.
The capital raising comprised a placement to institutional and sophisticated investors and an accelerated non-renounceable entitlement to existing shareholders. The placement and institutional entitlement offer will complete on 12 August 2020.
Tubi Limited is an Australian company with operations in the United States that has developed patented technology for mobile extrusion plants for plastic extraction piping used for a range of projects, in particular energy projects. The capital raised will be used to complete new plants under construction in the US as well as funding future growth.
This is one of a number of capital raisings the Maddocks Equity Capital Markets team is advising on having also acted for leading audio visual company Audinate in its $40 million capital raising announced last week.
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:
Tel: 3 9258 3509
Mobile: 0407 618 058
Positive signs: Maddocks advises Sydney Trains on landmark outdoor advertising contracts
We have advised Sydney Trains on two new outdoor advertising contracts
Maddocks lodges appeal for investors caught in liquidation of online stockbroking platform
Maddocks has lodged appeals in relation to on behalf of investors in the now liquidated Halifax Investments Services.
Maddocks advises Go-To Skincare on partnership with BWX
Maddocks has advised Zoë Foster Blake and co-founders of Go-To Skincare on their sale of 50.1% of their business to BWX.
Maddocks appoints special counsel to healthcare team
Maddocks has appointed Francine Kinkade as a special counsel in the firm’s healthcare team.