SRT Marine Systems has raised US$3.5 million via a placing and open offer
SRT Marine Systems Plc has successfully raised US$3.5 million of new capital from both institutional and retail investors.
SRT Marine Systems is a global company that develops and provides advanced vessel tracking, monitoring, management and analytic systems which are used by coast guards, fishery authorities, infrastructure and vessel owners, for the purposes of managing and controlling their maritime domain. Applications include security, safety, search and rescue, law enforcement, illegal fishing detection and environment monitoring.
Oaklins Cavendish’s sister firm finnCap, based in the UK, in its role as financial advisor and broker, advised SRT Marine Systems’ management team and shareholders all the way from the start to the successful completion of the fundraising. During this process, the team initiated and advised on many aspects, including securing pre-commitments from cornerstone investors, deal structuring, and the fundraising pricing and sizing.
Talk to the deal team
Related deals
Xeros Technology Group has completed a placing, subscription and retail offer
Xeros Technology Group plc has raised funds to drive forward its commercialization strategy.
Learn moreSuccesful integrated solution for strategic deadlock and tender offer by CMB on Euronav
Compagnie Maritime Belge (CMB) has successfully resolved the strategic and structural deadlock within Euronav through an agreement with Frontline, a world leader in the international seaborne transportation of crude oil and refined products, resulting in a mandatory takeover offer on Euronav.
Learn morePCI Pal has completed an equity raise
PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.
Learn more