News and Announcements
Ai-Media raising 80% complete
- Published November 29, 2013 5:21PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Ai-Media has now opened the second round of our capital raising, following receipt of $1.9m by the Priority Close in July.
In light of positive business and market developments, the Ai-Media Board has resolved to raise up to a further $2.1m under the Second Close of the Offer (which includes $1m in oversubscriptions). Following strong early investor interest, the IM raising is now 80% complete, and is due to close shortly.
The updated information and forecasts reflecting the winning of the Nine Network Australia contract, completion of the acquisition of Bee Communications in the UK, and progress on a UK-funded pilot of our Visible Classroom initiative.
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