NZX-lised GEO has raised $6m from a share placement. Photo / FileNZX-listed GEO, which provides software platforms for tradies, said it had raised $6 million from a share placement at 13c a share. The company plans a subsequent capital raise to enable the shareholder base to participate at the same price. GEO said the placement was strongly supported by existing shareholders and introduced prominent New Zealand investors, NZ Funds and Bhatnagar Securities, to the share register. GEO is a "software as a service" (or SaaS) provider specialising in software platforms for tradies, field and home service businesses.

Source: New Zealand Herald October 03, 2021 23:26 UTC