The proceeds from the capital raising will be used for further growth opportunities, which are likely to include M&A deals similar to Kogan.com’s recent acquisition of furniture retailer, Matt Blatt.
Jeremy Leibler congratulated Kogan.com on behalf of the ABL team: “Having acted for Kogan.com since its inception, it is very pleasing to see Kogan.com go from strength to strength, even during challenging economic conditions.”
As announced to the ASX, Kogan Chairman Greg Ridder commented: "We would like to thank our existing shareholders for their strong support for this capital raising, and also recognise the overwhelming interest from new investors. We recognise the significant trust placed in our management team to deliver a strong return on your capital, and we have every confidence the team will rise to the challenge. To all our shareholders, your company has gone from strength to strength since listing and, with the capital we have raised this week, your company is now stronger than ever."
About Arnold Bloch Leibler
Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.