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Tech & Innovation
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Syft Technologies details $5.5m capital round, eyes possible sale

An independent adviser’s report says funding round’s positives outweigh negatives.

 

Syft is seeking shareholder approval for a $5.5m capital raise.

Details of a proposed $5.5 million funding round for Syft Technologies show it will dilute existing shareholders by up to 19.6% and is conditional on an independent adviser being appointed to consider future capital and strategic options for the business, including a potential sale.

The USX-listed

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Fiona Rotherham Fri, 07 Jul 2023
Contact the Writer: fiona@nbr.co.nz
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Syft Technologies details $5.5m capital round, eyes possible sale
Tech & Innovation,
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