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Maddocks advises Revasum on latest capital raising

• 15 February 2021 • 1 min read

Maddocks has assisted US-based tech company Revasum on its A$7.9 million capital raising. Revasum designs and manufactures processing equipment for use in the fast growing semi-conductor 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. 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.

The Maddocks team on the latest capital raising was partner Catherine Merity, special counsel Rosamond Sayer and lawyer Millie Crighton.

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: 03 9258 3509
Mobile: 0407 618 058
jason.silverii@maddocks.com.au

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