As announced to the ASX this week, Thorney Technologies will raise A$25.3 million via a fully-committed two-tranche placement of ordinary shares to institutional, sophisticated and professional investors. The funds will be invested in technology-related investments at all phases of the investment life cycle.
Corporate partner Gavin Hammerschlag and lawyers Max Grunwald and Megan Hosiosky advised TEK on all aspects of the capital raising. Gavin Hammerschlag commented on the firm’s involvement: “We are pleased to have advised Thorney Technologies on another successful capital raising and look forward to continuing to work closely with Alex Waislitz and the Thorney team as they continue to pursue exciting investment opportunities and drive TEK’s success.”
In the ASX announcement, TEK Chairman, Alex Waislitz said: “We are delighted with the support shown by new and existing investors, with bids received well in excess of amounts raised under the Placement.”
In November 2020, Arnold Bloch Leibler advised Thorney Technologies on a A$37 million capital raising via a two-tranche institutional placement and a non-renounceable entitlement offer.
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