- 360 Capital Digital Infrastructure (TDI) has successfully raised $15.1 million in additional capital via a share placement
- Under the equity rase, investors will be offered new shares $1.77 each — a 3.5 per cent discount to the last traded price
- 360 will use the more than $15 million raised to fund a “pipeline of investment opportunities”
- The placement is fully underwritten by Moelis Australia Advisory, Shaw and Partners and Aitken Murray Capital Partners
- Before today’s trading halt came into effect, shares in 360 Capital Digital Infrastructure were trading for $1.84 each
360 Capital Digital Infrastructure (TDI) has successfully raised $15.1 million in additional capital via a share placement.
The company entered a trading halt this morning, before quickly announcing it was planning to tap investors for fresh cash.
Under the offer, investors were able to subscribe for 8.5 million new TDI shares priced at $1.77 per security.
The placement itself was fully underwritten by Moelis Australia Advisory, Shaw and Partners and Aitken Murray Capital Partners.
The equity raise itself opened and closed in one day, with shares now expected to settle on December 2.
Commenting on what the extra money will be used for, TDI Managing Director David Yuile said the cash will fund a “pipeline of investment opportunities.”
“I am excited by the significant opportunity that exists across the digital infrastructure sector and believe that TDI is well-positioned for future growth, supported by strong industry tailwinds,” David said.
“We are thrilled to share the next phase of our journey with our investors as we continue to deploy funds into our follow-on and new data centre opportunities,” he added.
Shares in 360 Capital Digital Infrastructure were placed in a trading halt today as the company prepared to announce the details of the raise.
At the end of the week, TDI securities were last trading at $1.84 each.