Locate Technologies Secures NZ$1M Ahead of NZX Debut
Locate Technologies has successfully raised NZ$1 million to bolster its balance sheet ahead of its planned listing on the New Zealand Exchange this December. The capital raise reflects strong investor confidence as the company prepares to transition its logistics technology platform to a new market.
- NZ$1 million capital raise completed via Product Disclosure Statement offer
- Listing on New Zealand Exchange (NZX) scheduled for 3 December 2025
- Shareholders to vote on Scheme of Arrangement on 1 December 2025
- Capital raise supported by both new and existing investors
- Company aims to build a Bitcoin treasury alongside platform growth
Capital Raise Strengthens Position Ahead of NZX Listing
Locate Technologies Limited has announced the successful completion of a NZ$1 million capital raise as it prepares for its proposed listing on the New Zealand Exchange (NZX). The raise, conducted through a Product Disclosure Statement offer, was well supported by both new and existing investors, signaling robust confidence in the company’s strategic direction.
The offer price was set at NZ$0.075 per share, based on the one-month volume weighted average price of Locate Technologies shares up to early September 2025, converted into New Zealand dollars. This infusion of capital is designed to strengthen the company’s balance sheet ahead of its transition to the NZX main board, where it will be listed under the ticker 'LOC'.
Scheme of Arrangement and Listing Timeline
Shareholders are scheduled to vote on the Scheme of Arrangement on 1 December 2025. Approval of this scheme is a critical step that will enable Locate NZ, the New Zealand incorporated entity, to proceed with its listing on the NZX two days later, on 3 December. The Scheme Booklet, dispatched to shareholders in late October, outlines the details of this transition and the updated capital structure post-offer.
CEO Steve Orenstein expressed enthusiasm about the upcoming listing, highlighting it as a significant milestone. He emphasized that establishing Locate in New Zealand aligns with the company’s long-term strategy to expand its logistics technology platform. Additionally, the company plans to build a meaningful Bitcoin treasury, positioning itself for future growth and value creation.
Strategic Implications and Market Positioning
Locate Technologies operates in the logistics technology sector, leveraging AI, cloud infrastructure, and SaaS platforms such as Locate2u, Zoom2u, and Shred2u to optimize last-mile delivery management. The NZX listing is expected to enhance the company’s visibility and access to capital, supporting its ambitions to scale operations and innovate within the logistics space.
The capital raise and impending listing also reflect a broader trend of technology companies seeking diversified funding sources and strategic positioning through cross-border listings. Locate’s move to New Zealand could open new market opportunities and investor bases, while the Bitcoin treasury initiative suggests a forward-looking approach to asset management.
Bottom Line?
With shareholder approval pending, Locate Technologies’ NZX listing could mark a pivotal step in its growth journey and market evolution.
Questions in the middle?
- Will shareholders approve the Scheme of Arrangement on 1 December?
- How will the Bitcoin treasury strategy impact the company’s financial profile?
- What growth opportunities will the NZX listing unlock for Locate Technologies?