Thomson Geer acted for world-leading nano electronic x-ray technology company Micro-X on two capital raisings:
1. Placement, and Share Purchase Plan, raising $5.92 million
2. Placement, Strategic Placement and Accelerated Non-Renounceable Entitlement Offer (ANREO), raising $6.4 million.
Thomson Geer advised on each component of the secondary fundraisings, comprising a placement to sophisticated and professional investors and share purchase plan. This involved undertaking limited due diligence, advising on placement agreements and prospectus, preparing all documents for the share purchase plan, liaising with the ASX and finalising notifications/announcements for lodgment with the ASX.
1. This fundraising was significant for the client to accelerate the commercial launch of its Argus product and execute on strategic partnerships for checkpoints and stroke imaging products.
2. This fundraising was significant for the client to strengthen its balance sheet and execute its strategies in its commercial and development products in medical imaging.
The Thomson Geer team was led by Partner Sanushka Seomangal and supported by Lawyer James Ofosu-Asamoah.