- Bailador Technology Investments (BTI) has flagged raising extra equity after placing its securities in a trading halt
- No details have been released about the proposed capital raise, but the capital growth fund did recently announce a net tangible asset (NTA) breakdown
- BTI explained to shareholders its NTA per share pre-tax was $1.51 this month and the NTA per share post-tax was $1.34
- The company also revealed the carrying valuation of its investment in Instaclustr has increased by $13.3 million or 49 per cent
- BTI argues the open source solutions company is a strong candidate for an IPO
- Shares in Bailador Technology Investments last traded for $1.44 per share on April 26
Bailador Technology Investments (BTI) has flagged raising extra equity after placing its securities in a trading halt.
The company halted its shares from trading before market opened on Tuesday, April 27, with an announcement due by Thursday, April 29.
No details have been released about the proposed capital raise, but the capital growth fund recently announced a net tangible asset (NTA) breakdown.
In this update, BTI explained to shareholders that its NTA per share pre-tax was $1.51 this month and the NTA per share post-tax was $1.34.
The investment company also revealed the carrying valuation of its investment in Instaclustr has increased by $13.3 million or 49 per cent this month.
Bailador Technology Investments used the increase to argue the open source solutions company is a strong candidate for an IPO.
Meanwhile, before today’s trading halt, shares in Bailador Technology Investments were trading for $1.44 per share on Monday, April 26.