SAC Capital has been appointed the agent for the share placement, while SooChow Singapore Capital Markets is the agent for the convertible bond placement.
ISOTeam is seeking to raise $10 million through the proposed placement of new shares and convertible bond placements to support its drone initiatives.
The fundraising exercise will comprise the proposed placement of about 86.2 million new ordinary shares at 8.1 cents per share that will raise about $7 million, and a proposed convertible bond placement through the allotment and issue of 32.9 million conversion shares at 9.1 cents per share which will raise about $3 million.
