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YPB Raises $7.78m for Acquisition and Growth

  • Published December 22, 2015 1:49PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

22nd December 2015, ASX Announcement

Highlights:

  • YPB placement to raise A$7.78 million
  • Placement compromises a A$2.78 m placement to professional and sophisticated investors in addition to a A$5 m cornerstone investment
  • Funding to secure Motif Micro acquisition and investment for growth

Brand authentication solutions company YPB Group Limited (ASX:YPB) has secured A$7.78 million in funding through a placement to institutional, professional and sophisticated investors at 26 cents per share.

The placement includes a A$5 million investment by Lanstead Capital LP (Lanstead) by way of a placement of 19,230,769 ordinary shares at $0.26 per share, details of which include the following:

– YPB will receive A$750,000 of the investment upfront with the remainder invested in an equity sharing agreement between the two parties. Under the agreement YPB will receive 18 monthly cash settlements for the remaining A$4.25m of the investment by Lanstead Capital. This sharing agreement allows the company to secure much of the potential upside arising from the anticipated share price performance of YPB.

To read the full announcement, please click here. 

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