Activeport Successfully Closes $5.3 million Rights Issue, Secures Additional $2 million Placement

Highlights:

• Successful Capital Raise: Activeport Group Ltd (ASX: ATV) secured over $6.1M through a $5.3M rights issue and a $2M placement with MWP Partners, strengthening its balance sheet for accelerated growth.
• Strategic Investment: MWP Partners, now the largest shareholder with an 18% stake, invested at a 4% discount to the 30-day VWAP, showcasing confidence in Activeport’s global growth potential.
• Growth Initiatives: Funds will be used to expand the sales and software development teams, enhancing Activeport’s SaaS offerings and driving international software sales in the telecommunications and data center sectors.

Transformative Capital Raise to Fuel Growth

Activeport Group Ltd (ASX: ATV) has successfully concluded its $5.3M renounceable rights issue, complemented by a $2M placement to new institutional investor, MWP Partners. At the time of writing, this strategic capital raise totals over $6.1M, positioning the company for accelerated growth in global

telecommunications and data center markets.

Rights Issue and Placement Details

The rights issue garnered over $4.1M, while the additional placement was offered to MWP Partners at $0.01624 per share, a 4% discount to the 30-day VWAP. The placement involves issuing 123,152,709 fully paid ordinary shares, with MWP Partners now holding 18% of Activeport’s total shares, becoming its largest shareholder.

MWP Partners' substantial investment showcases confidence in Activeport's potential to scale its software solutions for telecommunications providers and data center operators worldwide. The funds raised will bolster the company’s balance sheet, support working capital needs, and facilitate expansion plans.

Growth-Focused Utilization of Funds

Activeport plans to allocate the proceeds to hire additional sales and software development staff, strengthening its Australian SaaS business and driving software sales internationally. Chairman and CEO Peter Christie highlighted the placement as a transformative milestone, enabling the company to pursue its vision of becoming a major player in the global enterprise software market.

MWP Partners’ Optimism

Angus Walker, Chief Investment Officer of MWP Partners, expressed enthusiasm about Activeport’s growth prospects, emphasizing the company’s early-stage potential and trajectory toward profitability.

Looking Ahead
The completion of this capital raise marks a significant step for Activeport, providing the necessary resources to accelerate its expansion and enhance its position in the telecommunications and data center industries globally.

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