Capital Raise History - Raised $85m current market cap $600.2m at closing price $7.75
· July 2020 Raises $40m, $28m Institutional, $12m Retail SPP at $5.12 per share
· June 2019 Raises $24m, $20m Institutional, $4m Retail SPP at $7.00 per share
· IPO July 2017 raising $21m at $1.22 per share
Acquisitions
· December 2021 – Silex Insight video business - US$6.5m upfront cash payment plus revenue earn out of up to US$1.5m may be payable based on the uplift in revenue for the twelve month period from acquisition date. The Silex video business produces video networking products for manufacturers of AV equipment.
Insider Ownership Ordinary Shares Percentage Net Worth ($7.75)
Yamaha Corporation 6,289,308 8.12% $48.7m
CEO Aidan Williams (Founder) 2,077,305 2.68% $16.1m
Varuni Witana CTO 913,369 1.18% $7.1m
David Krall (Chairman Board) 500,000 0.64% $3.87m
John Dyson (Board, Founder Starfish Ventures) 190,289 0.25% $1.5m
Roger Price (Board) 77,856 0.1% $0.6m
Alison Ledger (Board) 6,443 0.00% $0.05m
Tim Finlayson (Board) 130,954 0.16% $1.01m
Total Inside Ownership minus Yamaha 3,896,216 5.03% $30.2m