The Trendlines Group has entered into a proposed private placement for approximately 5.75% shareholding for an aggregate consideration of $5.6 million.
The proceeds from the proposed placement will be used for follow-on investments in selected portfolio companies.
The group says that this will allow it to maintain ownership and remain positioned to capture value as these companies mature.
Several private investors, including Lion Global Investors, have approached SAC Capital as the placement agent with subscription requests.
Shares in The Trendlines Group closed 0.2 cents lower or 2.5% down at 7.8 cents on Jan 8.
