LiveTiles Limited advised that it has raised $667,000 from eligible existing shareholders under the Share Purchase Plan (SPP) announced on 15 February 2018. This will result in the issue and allotment of 1,482,185 shares at an issue price of $0.45 per share.
The SPP was conducted as part of a capital raising announced by the Company on 15 February 2018. In that announcement, the Company noted that $20 million (before costs) had been raised via a placement of shares to sophisticated and professional investors.
The funds raised under the placement and SPP will be used to accelerate investment in the Company’s sales, marketing and customer success teams to drive global customer and revenue growth.
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