Buddy builds $23m war chest for global opportunities
Announces North American deals for building energy management product. : By Stuart Corner
SX-listed Buddy Platform has raised $23 million from a share placement to pursue a potential distribution arrangement spanning more than 100 markets for its Buddy Ohm building energy management product.
115,000,000 shares will be issued at $0.20 per share, representing a 10.9 percent discount on the averaged recent share price. Buddy said the placement, managed by Bell Potter Securities, had received strong interest from new and existing institutional investors, who accounted for nearly 90 percent of funds invested, and who share the company’s global vision for growing its smart cities data platform.
