IN BRIEF: Shaires hits USD100 million fundraise goal as eyes AI deals
Shaires Holdings Ltd - late-stage technology and AI investor formerly known as Jade Road Investments Ltd - Raises USD14.3 million gross in equity, selling 715,306 new shares at USD20.00 per shares. Of the total raise, USD10.9 million is from an institutional placing and USD3.4 million from a retail offer. Shaires notes that over 670 new shareholders have come on board via the retail offer. The fresh equity will be deployed into a pipeline worth "in excess of USD500 million" that is "under active negotiation". Shaires also notes "continued engagement with a number of institutional investors regarding participation in the company's next phase of growth". Shaires says USD78.0 million of capital and contributed assets has been raised in total in recent months, and binding agreements give Shaires the right to acquire up to an additional USD30 million of contributed assets. This would bring the total raise and contributed shares to USD108.0 million, exceeding its initial objective of USD100 million. Read More