Atomos Launches $18m capital raise for strategic investment
- Atomos (AMS) is raising $18 million to fund a 20 per cent investment in UK-based video streaming company MAVIS Broadcast
- The company is raising $5.2 million through an institutional placement of 52.4 million shares at 10 cents each, and a 4-for-7 entitlement offer to raise the other $12.7 million
- The company will use £2 million (A$3.6 million) to acquire 20 per cent of MAVIS and leverage its technology for content creators
- The funds are also being used for marketing new revenue streams, sensor commercialisation, debt reduction and balance sheet flexibility
- AMS shares are in a trading halt which is expected to be lifted by October 20. The company last traded at 15 cents on October 17
