14.05.2020

Atomos completes oversubscribed $10m Placement to accelerate growth strategy

Backing success all the way.

We are proud to announce that we have recently acted as Joint Lead Manager with Morgans Corporate on the successful completion of a $10.9 million Institutional placement for Atomos. The Placement was oversubscribed with very strong support from institutional and sophisticated investors. Atomos will also be launching a Share Purchase Plan (‘SPP’) to raise approximately $1.7 million later this month.

The funds raised will be used to accelerate development of new products to address the emerging online streaming opportunity and to strengthen the balance sheet.

 

Video Tech Leader

 Atomos has continued to prove themselves as a leading, global video technology company delivering award-winning, simple to use monitor-recorder content creation products. These products give content creators across the rapidly growing social, pro-video and entertainment markets a faster, higher quality and more affordable production system.

 

New opportunities post COVID-19

In addition to the Company’s existing product focus, there is a new and accelerating opportunity for live online streaming. In response to this significant opportunity, Atomos has identified a number of new products and add-ons to existing products that it has now incorporated in their R&D roadmap. Atomos intends to have these product expansions executed as quickly as possible.

 

 “The business remains focused, despite the unfortunate temporary impacts of COVID-19 on our new product implementation plans, growth trajectory and staff. Our well-defined sales and product roadmaps are being executed in line with our strategy to democratise high quality video production.

Over the coming months we look forward to announcing a number of new products and updates in our existing suite of products as well as opportunities that we intend to accelerate in the streaming market. ”

 Jeromy Young

 

A lasting relationship  

Henslow has advised Atomos over the past four years, providing both capital markets (growth, pre-IPO, IPO and secondary market) and M&A advice. This will be the 7th capital raise that Henslow has completed for Atomos, with over $100m now being raised. The relationship is a great example of our excitement to work with a client throughout their lifecycle, understanding every aspect of their business and becoming a lasting partner.

Want to discuss this transaction further?
Get in touch with the Henslow team below.

Recent posts

Looking for investment opportunities?

Backed and vetted by Henslow, unlock a selection of unique investment opportunities. Register an account to get started.

Investment hub

Subscribe to our mailing list