Sensera (ASX:SE1) - Executive Director, Ralph Schmitt
Executive Director, Ralph Schmitt
Source: Ralph Schmitt [LinkedIn]
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Sensera (SE1) launches a $2.5 million placement to support business development, working capital and placement costs
  • The sensor solutions provider will issue 73.5 million shares to professional and sophisticated investors at 3.4 cents
  • The issue price represents a 16 per cent discount to the 15-day volume-weighted average price ending on July 28
  • Subject to shareholder approval, Sensera will grant one free unlisted option for every four shares issued at a price of 8.5 cents to be exercised within 24 months
  • Company shares are down 15.6 per cent on the back of today’s announcement to trade at 3.8 cents at 11:37 am AEST

Sensera (SE1) has launched a $2.5 million placement to support business development, working capital and placement costs.

The sensor solutions provider entered a trading halt last Thursday regarding the capital raise, however no details had been released.

Sensera specialises in designing and making MicroElectroMechanical Systems (MEMS) and sensors for a variety of applications.

Sensera will issue 73.5 million new shares to professional and sophisticated investors at 3.4 cents per share. The issue price represents a 16 per cent discount to the 15-day volume-weighted average price ending on July 28.

Subject to shareholder approval, the company will grant one free unlisted option for every four placement shares issued at a price of 8.5 cents to be exercised within 24 months.

The placement’s lead manager EverBlu Capital and its principals have cornerstoned $250,000 of the funds raised. Everblu will receive a fee of 6 per cent of the money raised. Subject to shareholder approval, it will also receive one broker option for every two placement shares issued.

The placement shares are expected to be issued on August 9, 2021.

Company shares dropped 15.6 per cent on the back of today’s announcement to trade at 3.8 cents at 11:37 am AEST.

SE1 by the numbers
More From The Market Online

Iress (ASX: IRE) strikes deal with Bain Capital for UK Mortgage Business Sale

Iress (ASX:IRE) has entered into a binding agreement to sell its UK Mortgage business to Bain…

Dotz Nano advances climate solutions with ‘Dotz Earth’

Dotz Nano is a leading developer of innovative climate and industrial technologies – and it's got…
The Market Online Video

Orcoda welcomes Maree Adshead as Non-Executive Director

Orcoda (ASX:ODA) has welcomed Maree Adshead as an independent Non-Executive Director.