Henslow acts as corporate advisor on $2.5m private placement for Panorama Synergy
Henslow is pleased to have acted as corporate advisor and lead manager of the recent private placement of $2.5m for Panorama Synergy (ASX:PSY). The oversubscribed placement was made up of a number of institutional investors, a large contingent of existing shareholders and the Company’s new management team and Board. The funds were raised to provide ample working capital to invest in business development and the subsequent acceleration of the Company’s new strategy, led by newly appointed Chairman Gavin Coote and CEO Peter Lewis.
PSY acquired Hydrix in November 2017. The Hydrix business has designed and engineered +200 highly complex products across verticals of medical devices, consumer & industrial and critical systems. PSY’s total pipeline is now in excess of $50m of opportunities across +30 products, with substantial growth guided for FY’19. PSY’s new Buy, Build, Invest strategy will see the Company maintain and leverage ownership of IP within products under development.