Spookfish taps investors for $9m

Geospatial imagery company Spookfish has tapped investors for $9.3 million to boost its commercialisation and production efforts.

Perth-based Spookfish raised the funds through the placement of 124 million shares at 7.5 cents each to sophisticated and institutional investors, representing an 8.5 per cent discount to the company’s last closing price on Friday.

EagleView Technologies, Spookfish’s US-based partner, has joined the company’s share registry as part of the placement.

“We are delighted that Spookfish has further enhanced its strategic partnership with EagleView via their participation in our placement,” Spookfish chairman Jason Marinko said.

“In addition, we have continued to receive very strong support from our major shareholders as well as introducing new well known Australian institutional funds to our register.

“The placement proceeds will now enable Spookfish to confidently proceed with its Australian rollout plan and support our expected growth in the U.S. via our partnership with EagleView.”

Spookfish shares were 2.4 per cent lower to 8 cents each at 11:30am.