Nov 9, 2020

Share New York-based investor Woodson Capital Management is poised to emerge as a substantial shareholder on Thorney Technologies' share register. Thorney Technologies launched a capital raising on Monday morning. Jim Rice The ASX-listed technology investment company launched a $37 million capital raising on Monday morning and Woodson had committed to cornerstone the round. The offer was split between a $27 million two-tranche placement and a $10 million non-renounceable entitlement offer, and was priced at 35¢ a share, an 18 per cent discount to Thorney Technologies' most recent unaudited pre-tax NTA. Thorney Technologies would use the funds raised in the round to invest in local and overseas tech companies, with a focus on pre-IPO investments. Money was also pegged for working capital. Bell Potter was lead manager on the deal. Get a first look at tomorrow's headlines Sign up to the Street Talk First Look newsletter