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- Sensera (SE1) launches a $2.5 million placement to support business development, working capital and placement costs
- The sensor solutions provider will issue 73.5 million shares to professional and sophisticated investors at 3.4 cents
- The issue price represents a 16 per cent discount to the 15-day volume-weighted average price ending on July 28
- Subject to shareholder approval, Sensera will grant one free unlisted option for every four shares issued at a price of 8.5 cents to be exercised within 24 months
- Company shares are down 15.6 per cent on the back of today’s announcement to trade at 3.8 cents at 11:37 am AEST
Sensera (SE1) has launched a $2.5 million placement to support business development, working capital and placement costs.
The sensor solutions provider entered a trading halt last Thursday regarding the capital raise, however no details had been released.
Sensera specialises in designing and making MicroElectroMechanical Systems (MEMS) and sensors for a variety of applications.
Sensera will issue 73.5 million new shares to professional and sophisticated investors at 3.4 cents per share. The issue price represents a 16 per cent discount to the 15-day volume-weighted average price ending on July 28.
Subject to shareholder approval, the company will grant one free unlisted option for every four placement shares issued at a price of 8.5 cents to be exercised within 24 months.
The placement’s lead manager EverBlu Capital and its principals have cornerstoned $250,000 of the funds raised. Everblu will receive a fee of 6 per cent of the money raised. Subject to shareholder approval, it will also receive one broker option for every two placement shares issued.
The placement shares are expected to be issued on August 9, 2021.
Company shares dropped 15.6 per cent on the back of today’s announcement to trade at 3.8 cents at 11:37 am AEST.
