Despatch of Retail Offer Booklet
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Announcement summary
Despatch of Retail Offer Booklet
<p class="typography-body-regular">The Directors of Atomos Limited (“Atomos") are pleased to offer shareholders the opportunity to participate in our Non-Renounceable Entitlement Offer (NREO).</p>
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<p class="typography-body-regular">The NREO seeks to raise approximately $9.45m, alongside the $8.5m raised in the placement and institutional entitlement offer, in order to invest in a 20% stake (via two equal instalments in Oct-22 and Apr-23) in leading cloud-based video processing and production company, MAVIS, as well as ensure the go-to-market effort for new DTC / software & cloud services initiatives are maximised, to reduce debt and to strengthen the balance sheet.</p>
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<p class="typography-body-regular">Each Eligible Shareholder has the opportunity to support Atomos' investment and apply for shares in a 4 to 7 ratio. Shares will be issued at $0.10 per share, which is a 33.3% discount to the last traded price of $0.15 on the 17th of October.</p>
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<p class="typography-body-regular">To learn more, click here: <a class="text-primary-green-dark underline" href="https://nreo.atomos.com/">https://nreo.atomos.com/</a></p>
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