Nitro’s Co-founder and CEO Sam Chandler said this is a “milestone moment” for the company. Under the entitlement offer, existing eligible shareholders will be able to purchase one new share for ever 11.4 Nitro share they own. The equity raise will see shares sold at $3.43 each, a 10.7 per cent discount to the last closing price. Nitro will pay for Connective through a $140 million equity raise, which includes an $80 million placement and $60 million entitlement offer. If successful, the combined company will become the third global player in the enterprise eSign market. The acquisition is in line with Nitro’s product-driven strategy, targeting the US$17 billion (A$23 billion) eSigning market. The business focuses on serving the needs of enterprise and government customers that require high levels of trust, security and regulatory compliance, while also offering expansive electronic identity support and a powerful document workflow automation solution.
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Nitro Software (NTO) is looking to raise $140 million to purchase Connective NV.Ĭonnective is Belgium’s leading eSign software-as-a-service business, with fast growing market share in France and customers in 11 other European countries. Nitro entered into a trading halt this morning as it undertakes the placement and last traded for $3.84 per share.If successful, the combined company will become the third global player in the enterprise eSign market.The equity raise will see shares sold at $3.43 each, a 10.7 per cent discount to the last closing price.Nitro will pay for Connective through a $140 million equity raise, which includes an $80 million placement and $60 million entitlement offer.Nitro Software (NTO) to raise $140 million to purchase Belgium’s leading eSign software-as-a-service business Connective NV.FIJ BSP Life invests FJ$2m in Fiji Kava (ASX:FIJ).WRM White Rock Minerals (ASX:WRM) hits 92.2g/t gold at Dickenson South.GNE Genesis Energy (ASX:GNE) opens $NZ75m green bond offer.GMR Golden Rim Resources (ASX:GMR) finds more oxide gold at Kada.WGR Western Gold Resources (ASX:WGR) begins RC drilling at Gold Duke.ADX ADX Energy (ASX:ADX) increases production after field work in Vienna Basin.MZZ Matador Mining (ASX:MZZ) drilling points to grade continuity at Window Glass Hill gold deposit.G88 Golden Mile Resources (ASX:G88) nears Yarrambee assay results.ZNC Zenith Minerals (ASX:ZNC) begins drilling to assess lithium and gold at Split Rocks.RLG RooLife (ASX:RLG) receives first sales receipts from sale of Australian wool products in China.RAS Ragusa Minerals (ASX:RAS) identifies new targets after desk-top review at Monte Cristo.KAU Kaiser Reef (ASX:KAU) hits high-grade gold at historical mine.AQX Alice Queen (ASX:AQX) begins drilling Jedha-1 anomaly at Horn Island.AS2 Askari Metals (ASX:AS2) plans exploration after Yarrie project site visit.MBK Metal Bank (ASX:MBK) executes drilling contract for Livingstone.