Total
0
Shares
Sensera (ASX:SE1) - Executive Director, Ralph Schmitt - The Market Herald
Executive Director, Ralph Schmitt
Source: Ralph Schmitt [LinkedIn]
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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 Herald
iCandy Interactive (ASX:ICI) - Chairman, Kin W Lau - The Market Herald

" iCandy Interactive (ASX:ICI) launches share buy-back to preserve value

iCandy Interactive (ICI) will carry out an on-market share buy-back as the gaming stock believes its current share price doesn’t accurately reflect its
Equity Trustees (ASX:EQT) - EQT Partner and Asia Pacific Chairman, Thomas Van Koch - The Market Herald

" Iress (ASX:IRE) and Equity Trustees (ASX:EQT) call off buyout discussions

Iress (IRE) has terminated its process deed with fellow ASX-lister Equity Trustees (EQT) after the parties were unable to come to an agreement.
intelliHR (ASX:IHR) - Founder and CEO, Rob Bromage - The Market Herald

" intelliHR (ASX:IHR) completes $11.5m placement

Australian HR tech company intelliHR (IHR) has successfully completed its placement and raised $11.5 million.
Dotz Nano (ASX:DTZ) - Chairman and interim CEO, Bernie Brookes - The Market Herald

" Dotz Nano (ASX:DTZ) enters distribution agreement with El Alamo

Dotz Nano (DTZ) has entered a distribution agreement with El Alamo and has already received a US$220,000 (A$300,630) initial purchase order.