New York-based investor Woodson Capital Administration is poised to emerge as a considerable shareholder on Thorney Applied sciences’ share register.
The ASX-listed know-how funding firm launched a $37 million capital elevating on Monday morning and Woodson had dedicated to cornerstone the spherical.
The supply was break up between a $27 million two-tranche placement and a $10 million non-renounceable entitlement supply, and was priced at 35¢ a share, an 18 per cent low cost to Thorney Applied sciences’ most up-to-date unaudited pre-tax NTA.
Launched in 2010 with seed funding from Julian Robertson’s Tiger Administration, Woodson manages a world shopper and know-how fund out of New York. The firm has been a big backer of buy now, pay later tearaway Afterpay.
Thorney Applied sciences would use the funds raised within the spherical to put money into native and abroad tech corporations, with a concentrate on pre-IPO investments. Cash was additionally pegged for working capital.
Bell Potter was lead supervisor on the deal.