UP-and-coming business dashboard and app developer 9 Spokes International Limited (ASX: 9SP) has gone into a trading halt ahead of an announcement of a capital raising.
The creator of a business insights dashboard for SMEs, 9 Spokes is believed to be aiming to raise up to A$10 million through a partially underwritten equity issue.
Bell Potter is the lead manager for the raising, with Foster Stockbroking acting as a Co Manager to the issue.
9 Spokes smart dashboard enables SMEs to connect their software to one dynamic interface – providing them a clear overview of their business. It allows management and advisors to access data and new metrics across key areas, from any device at any time.
Businesses can integrate their supported software into the dashboard as well as choose from a selection of recommended and accredited apps to suit their industry.
The company recently hit a significant milestone when it announced it has 10,000 businesses signed up to the 9 Spokes platform- a mark it reached well ahead of schedule.
It also signed a Letter of Intent (LoI) with one of New Zealand’s leading banks to provide a white-label version of the 9 Spokes platform.
