Maddocks advises two leading edge tech companies on their capital raisings
By Jason Silverii• 07 July 2019 • 2 min read
Maddocks has advised global video technology company Atomos Limited on capital raising.
Monday 8 July 2019
Maddocks has advised global video technology company Atomos Limited on the sale of over $27 million worth of shares released from escrow and its raise of an additional $7.5 million by way of an institutional placement.
Maddocks previously advised Atomos on its listing in December 2018 which has seen its share price increase from 41 cents on listing to $1.00 per share under the placement which was at a discount to current trading price.
Maddocks is also advising leading artificial intelligence technology company Brainchip Holdings Ltd on its $6.7 million capital raising by way of an accelerated non-renounceable entitlement offer and on a US$2.565 million convertible note investment by an institutional investor.
The capital raisings will allow the companies to pursue expansion plans for their technology and launch of innovative new products.
Our team for both transactions was led by partner Catherine Merity and special counsel Rosamond Sayer, and included support from senior associate Suzette Caldaroni.
Catherine Merity said: “We are very pleased to have been able to continue to support our clients Atomos and Brainchip in their secondary capital raisings to provide key development funding for launch of new products in these fast-growing industries.”
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 built environment, education, government, healthcare 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
Maddocks advises Tong Eng Group on major Melbourne building acquisition
We have advised Singapore-based investment company Tong Eng Group on a significant Victorian asset acquisition
Maddocks advises the Commonwealth on Seventh Community Pharmacy Agreement
We have advised the Commonwealth Department of Health during the negotiation of the Seventh Community Pharmacy Agreement
Maddocks appoints three new partners as part of latest senior lawyer promotions
Meet our three new partners and newly promoted senior lawyers
Maddocks advises on Medtech Global divestment and restructure
Maddocks has advised Cereus Holdings Ltd on its sale of New Zealand’s leading medical technology company Medtech Global.