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.
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