ISOTeam targets $10m funding raise through share placement
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ISOTeam Ltd is raising $10 million through the placement of 86.2 million new ordinary shares at 8.1 Singapore cents each, expected to generate approximately $7 million. Additionally, a convertible bond placement of 32.9 million shares at 9.1 Singapore cents each aims to raise $3 million. The funding will support ISOTeam's drone initiatives as part of its digital transformation strategy. SAC Capital Private Limited and SooChow Singapore Capital Markets (Asia) Pte. Ltd. are appointed as agents for the placements, with completion expected within eight weeks.
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