Shaw and Partners is pleased to be appointed as Sole Lead Manager to the proposed capital raising by Damstra Holdings (ASX.DTC).

The company is seeking to raise approximately $20.0 million by way of a fully underwritten institutional placement, together with a fully underwritten accelerated, non-renounceable pro rata entitlement offer, for a total issue of approximately 58.9 million new shares.

Proceeds from the offer will be used to fund the growth in sales capability and resources, especially in the North American market, ensure availability of funds for TIKS deferred consideration and further investment into development of the Enterprise Protection Platform.

The offer price of $0.34 per new security represents a 15.0% discount to the last close of $0.40 per share, a 12.0% discount to the TERP price of $0.3863 and a 23.7% discount to the 5-day VWAP of $0.4454 per share.

Damstra Holdings is a global leader in enterprise protection software. Its Enterprise Protection Platform (EPP) integrates an extensive range of modules and products that allows organisations to mitigate and reduce unforeseen and unnecessary business risks around people, workplaces, assets, and information.

The offer is available to Australian Sophisticated and Professional Investor clients only.

For more information please speak to your Shaw and Partners Adviser