Friday 3rd February 2017 |
Text too small? |
Plexure Group, the digital advertising firm formerly known as VMob, raised $1.6 million through an issue of convertible notes and the funds will be used to support ongoing operations.
The notes have a face value of $1 per note and are redeemable nine months from the date of issue, with the conversion date falling on Nov. 3, 2017, it said in a notice to the NZX. Interest is payable at 8 percent and they can be converted to shares at the end of the nine months at a price of 28 cents a share. Conversion or repayment is at the choice of the holder.
In early January the company said it passed $10 million in annualised committed monthly revenue (ACMR) after signing a new $1 million contract with an undisclosed client.
The company had been targeting $10 million in ACMR - a favoured revenue measure for software-as-a-service companies - by the end of calendar 2016, and announced a new $1.1 million contract with Arcos Dorados Inc, the biggest McDonald's franchisee in Latin America and the Caribbean, on Dec. 30.
The shares were unchanged at 27 cents.
BusinessDesk.co.nz
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024