Cirrus Materials Science announces Offer Terms for Pre-Series A Investment Round

It is with great pleasure that the board of Cirrus Materials Science announces the Offer Period and Key Terms for investors participating in our Pre-Series A Investment Round. The purpose of the pre-Series A investment is to fund customer acquisition including major near-term sales prospects, intellectual property protection, and expansion capital. The Offer Period for the current capital round will open to both qualified investors and existing shareholders on August 1st and close to all parties on August 30th unless extended by the board.

The key terms are:

Capital Raise Amount: NZD1,300,000 for 325,000 shares
Minimum: NZD300,000.
Pre-money Valuation: NZD8,307,432.
Issue price: NZD4.00 per share.
Class: Ordinary Shares.
Minimum Subscription Amount: 5,000 Shares.
Oversubscriptions: Up to NZD300,000 or 75,000 shares is permitted.
Scaling basis (if required): After pre-emptives, first come first served.
Opens: 1 August 2019.
Closing date: 30 August 2019 (unless extended).
Payment: Due no later than five business days after the Offer closes.
Applications: This Offer is made in reliance on the exclusions in Schedule 1 of the New Zealand Financial Markets Conduct Act 2013 (FMCA).
Contact: Register your interest here for offer documents, terms, and access to due diligence materials.

For more information on Cirrus Materials Science, register your interest here.


About Cirrus Materials Science

Cirrus is a New Zealand-based materials design business serving major manufacturing customers in Australasia, US, EU and Asia.

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