Maybank Securities is the sub-placement agent for both placements.
ISOTeam plans to raise some $10 million to fund the wider deployment of drones. The company plans to place out 86.2 million new shares at 8.1 cents each, raising $7 million.
It will also raise another $3 million by issuing a convertible bond of 32.9 million conversion shares that can be converted at 9.1 cents.
SAC Capital is helping with the share placement while SooChow Singapore Capital Markets (Asia) deals with the convertible bonds.
