Shares in technology hopeful Oz Brewing jumped 33.3 per cent after it concluded a reverse takeover deal with 3D printing company 333D, which was more than a year in the making.
A second stage of the deal includes a planned capital raising of at least $3 million to provide funding for 333D and working capital for the company.
The deal has a complex history, which includes the financial difficulties of the target.
Perth-based Oz Brewing had planned a reverse takeover of 3D Group in July last year, but the deal was slow to take shape and the printing company was placed in voluntary administration.
In consideration for facilitating the transaction, Taylor Collison, Trident Capital and Street Capital will receive more than 66 million fully paid ordinary shares, while Street Capital will receive 750,000 advisory options and $50,000 facilitation cash.
Certain promoter shareholders who promoted the transaction are also set to receive 195 million performance shares.
The company will suspend its shares from trading on the ASX on September 22 and plans to reinstate its shares to trading on the ASX October 7.
333D is an Australian integrated multi-platform 3D printing company that designs and builds in Victoria.
Oz brewing has had a colourful history in Perth, beginning with the $1.5 million oversubscribed IPO in December 2006.
It was previously behind the Mad Monk range of beers that were produced in the Swan Valley, and went into liquidation in late 2008.