Highlights:
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icetana has agreed a private placement of $1,994,000 to strategic investors.
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The placement consists mainly of icetana’s three largest shareholders: tech entrepreneur Laurence Escalante’s family office, Macnica Inc and the Peter Meurs family office.
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A Share Purchase Plan is being offered to existing shareholders who are on the register at 12 September 2023.
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The capital raise will be used to accelerate sales activities as icetana enters a new phase focused on revenue growth following the launch of its new software product in Q4 FY23.
icetana Limited (ASX: ICE) (“icetana” or “the Company”), a leading provider of AI-based video analytics solutions, is pleased to announce a strongly supported capital raising comprised of a private placement raising $2.0m (Placement) and share purchase plan (SPP).
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