Highlights:
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Macnica, a > $A1.8bn market cap global technology company acquires a strategic stake in icetana.
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The investment follows a strong working relationship in Japan, Brazil and Europe including securing one of the biggest estate companies in Japan as an icetana customer.
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Macnica will become the exclusive distributor of icetana in Japan and Brazil as well as a preferred distributor in other territories.
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The investment of US$500k (A$771k) secures a 14% stake in icetana at 2.7c, representing a 10% discount to the 15 day VWAP of 3.0c. Macnica becomes icetana’s second largest shareholder following the placement of 28,538,324 shares.
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The investment will enable acceleration and expansion of icetana’s commercialisation and distribution plans
icetana Limited (ASX:ICE “icetana” or “the Company”) a global software company providing artificial intelligence solutions to detect real-time anomalous events, is pleased to advise that it has entered into a binding placement agreement for an investment from Macnica Inc. (“Macnica”), a subsidiary of Macnica Holdings, Inc. (TYO: 3132).
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