Trade window ipo launch

[whatsup]

So who logged on to the todays meeting and will pony up with the .45 now that the market wants .43 !!

[Pegasus2000]

TradeWindow announces capital raising results
TWL
27/02/2023 08:30
OFFER
NOT PRICE SENSITIVE
REL: 0830 HRS Trade Window Holdings Limited

OFFER: TWL: TradeWindow announces capital raising results

MEDIA RELEASE

TradeWindow announces capital raising results

Auckland, NZ - 27 February 2023

Trade Window Holdings Ltd (NZX: TWL)("TradeWindow") today announced it has
secured $5.4 million under its non-underwritten capital raising ("Share
Offer"), which targeted proceeds of up to $20 million. Key investors
supported the Share Offer.

TradeWindow Chair Alasdair MacLeod said: "While the offer has fallen short of
its target, we are pleased with the commitment from key shareholders. We
remain engaged with potential strategic investors to provide growth capital
outside of the formal offer process and we are exploring alternative funding
sources."

"In this challenging capital market we will reduce cash usage to a more
sustainable level by re-prioritsing R&D investments and identifying cost
efficiencies - without impacting our ability to continue to service our
customers, meet market demand, and generate revenue from existing solutions."

"The reduction in capital requirements will impact the speed at which we can
consolidate existing solutions into the global trade platform. TradeWindow
remains committed to this strategy and to achieving profitability. We will
release revised financial projections following the conclusion of funding
plans."

"TradeWindow has an impressive customer base, including some of the world's
largest agriculture exporters. Demand for TradeWindow's solutions remains
strong and the business has a healthy sales pipeline of high-value prospects
across New Zealand, Australia, Philippines and USA."

FY23 guidance remains in place as updated on 13 January 2023 with trading
revenue expected to be approximately $4.8 million to $5.1 million and total
income to be approximately $5.5 million to $5.8 million.

Settlement and allotment of the new shares subscribed under the Share Offer
is expected to occur on 2 March 2023. The new shares will be issued on 6
March 2023 at the issue price of 45 cents (being a 10% discount to the
closing price the day prior to the launch of the Share Offer) and will rank
equally in all respects with TradeWindow's existing ordinary shares.

ENDS

Released for and on behalf of TradeWindow by:
Deidre Campbell
Chief Financial Officer

[nztx]

Sounds like the Cap Raise went well

A cool ski slope here on the 2yr graph:

https://www.nzx.com/instruments/TWL

The kind of slope that Champions are made on ..

[Sideshow Bob]

Up to 1/3 the staff to go....

https://www.nzx.com/announcements/408330

[winner69]

Up to 1/3 the staff to go....

https://www.nzx.com/announcements/408330

Hope they find a ‘strategic investor’ that bails them out else I think it’s curtains for them

Suppose heavy dilution for existing shareholders on the cards sometime.

[Sideshow Bob]

Hope they find a ‘strategic investor’ that bails them out else I think it’s curtains for them

Suppose heavy dilution for existing shareholders on the cards sometime.

Here you go W69....

https://www.nzx.com/announcements/409261

TradeWindow announces heads of agreement

with nChain for $11.1m strategic investment

• $11.1m investment would include a combination of $2.4 million cash, and product and services to the value of $8.7 million.
• Complementary partnership would deliver TradeWindow additional expertise, intellectual property and access to new markets.
• nChain to become 19.99% holder in TradeWindow by way of ordinary shares and at an issue price of $0.3952 per share.
• Agreement subject to shareholder approval.

TradeWindow Holdings Limited (NZX:TWL) today announced it has entered into a heads of agreement with nChain for a $11.1 million investment into TradeWindow.

nChain is a world leader in Web3 and enterprise blockchain technology and the developer of the BSV Protocol.

The $11.1m investment will see nChain provide TradeWindow with:

• A cash payment of $2.4 million
• Software engineering resources from nChain’s 200-strong global engineering team to the value of $3.9 million
• Licensed technology and intellectual property to the value of $4.8 million

[winner69]

Think this is another revenue downgrade

https://www.nzx.com/announcements/409493

[billkiapi]

I'm a bit surprised anyone would buy critical process software or solutions if there's a chance they won't be around to support it?

[Sideshow Bob]

http://nzx-prod-s7fsd7f98s.s3-websit...216/395467.pdf

Key highlights include:

• Trading revenue $4.9 million, up 27%
• Annual recurring revenue2 $5.2 million, up 39%
• Total income3 $5.7 million, up 18%• Gross margin 46%, down 4ppt
• Total operating expenses $17.4 million, up 21%
• EBITDA loss $11.7 million, up 22%
• Net loss after tax $9.8 million, down 10%
• Cash and cash equivalents $6.1 million

[Pegasus2000]

Revenue is up 27% as the cost is up 21%. They are building Philippine team(IT development?) to cut cost.