Scalare Partners Raises $3M at $0.12 to Acquire Tank Stream Labs
Scalare Partners has raised $3 million through a share placement to fund its acquisition of Tank Stream Labs, alongside a $1.08 million Share Purchase Plan for existing shareholders. This capital raise aims to bolster Scalare’s position in the flexible workspace and tech investment sectors.
- Completed $3 million placement at $0.12 per share with attaching options
- Share Purchase Plan to raise up to $1.08 million from existing shareholders
- Funds earmarked for Tank Stream Labs acquisition and portfolio investments
- Placement includes participation from Board and Management
- Shareholder approval required for some shares and options issuance
Strategic Capital Raise to Fuel Growth
Scalare Partners (ASX, SCP) has successfully secured $3 million through a share placement priced at $0.12 per share, marking a significant step in its strategic expansion. The capital raise, supported by institutional and sophisticated investors as well as the company’s own Board and Management, is designed to complete the acquisition of Tank Stream Labs, a leading flexible workspace and service provider for technology companies in Australia.
In addition to the placement, Scalare is launching a Share Purchase Plan (SPP) targeting existing shareholders in Australia and New Zealand, aiming to raise up to $1.08 million on the same terms. This move allows loyal investors to participate alongside new institutional backers, reinforcing Scalare’s commitment to inclusive growth.
Acquisition and Portfolio Expansion
The acquisition of Tank Stream Labs, announced just days prior, positions Scalare to deepen its footprint in the flexible workspace market; a sector increasingly vital to tech startups and scale-ups. The funds raised will not only complete this acquisition but also support further investments in Scalare’s portfolio companies, alongside general working capital and offer-related expenses.
Scalare’s CEO, Carolyn Breeze, expressed enthusiasm about the strong investor support, highlighting the company’s vision to empower technology founders through innovative workspace solutions and strategic investments. The acquisition aligns with Scalare’s broader mission to nurture early-stage tech businesses across Australia, the USA, and beyond.
Terms and Conditions of the Placement
The placement involves approximately 25 million new shares, each accompanied by attaching options exercisable at $0.18 within two years. These shares will rank equally with existing ordinary shares, although the issuance of some shares and all attaching options remains subject to shareholder approval at an Extraordinary General Meeting scheduled for late August 2025.
Notably, the placement price reflects a discount of nearly 30% to the recent closing share price, a common approach to incentivize investor participation in capital raises. The Board’s participation, conditional on shareholder approval, signals confidence in the transaction’s strategic value.
Looking Ahead
With the capital raise underway and the acquisition imminent, Scalare is poised to accelerate its growth trajectory in the competitive tech investment and services landscape. The company’s focus on supporting diverse founders and expanding its geographic reach through targeted investments underscores its ambition to be a catalyst for innovation.
Investors will be watching closely as Scalare navigates the shareholder approval process and integrates Tank Stream Labs into its portfolio, with potential implications for its market positioning and financial performance in the months ahead.
Bottom Line?
Scalare’s successful capital raise sets the stage for transformative growth, but shareholder approval will be the next critical hurdle.
Questions in the middle?
- Will shareholder approval be secured smoothly for the attaching options and remaining shares?
- How will the acquisition of Tank Stream Labs impact Scalare’s financials and revenue streams?
- What are the strategic plans for the new portfolio investments funded by this raise?
