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SENSEN NETWORKS LIMITED — Capital/Financing Update 2021
Dec 16, 2021
65829_rns_2021-12-16_3ede31c2-941f-4ba1-ad37-32ccf244fc47.pdf
Capital/Financing Update
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ASX Release
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17 December 2021
SenSen Completes Share Purchase Plan
Leading sensor AI software and solution provider SenSen Networks Limited (ASX:SNS, “ SenSen ” or “the Company ”) confirms the completion of its share purchase plan ( SPP ) announced on 5 November 2021. This follows the closing of the SPP on 13 December 2021.
The SPP raised $2,796,500 and 23,304,096 new fully paid ordinary shares in SenSen ( SPP Shares ) are scheduled to be issued on 20 December 2021. SenSen confirms that all valid applications under the SPP were accepted in full.
In accordance with the terms contained in the SPP booklet sent to eligible shareholders, the Issue Price under the SPP ($0.12) represents a 9.9% discount to the volume weighted average market price of Shares on the ASX during the 5 trading days on which sales in Shares were recorded immediately prior to the announcement date of the SPP Offer.
Commenting on the SPP result, SenSen CEO Subhash Challa said, “This is a great outcome for our Company and allows us to further fund SenSen’s continued growth momentum through targeted investment in sales, marketing product innovations, product delivery and project management. Together with the recent Placement, SenSen has raised ~$7,000,000 and the Board thanks our loyal shareholder base for their strong support.”
The SPP Shares are to be issued on Monday 20 December 2021 with quotation to commence on Tuesday 21 December 2021.
Further information
This release is approved by the Board of SenSen.
For further information, please contact:
Investor contacts: Media contacts: Citadel-MAGNUS Citadel-MAGNUS Vanessa Beresford James Strong [email protected] [email protected] Helen McCombie SenSen Networks David Smith [email protected] Executive Director and Company Secretary Email: [email protected]
SenSen Networks Limited ACN 121 257 412 www.sensen.ai (+61) 3 9417 5368
Melbourne: Level 1, 9 Harper Street, Abbotsford VIC 3067 Sydney: 3 Spring Street, Sydney NSW 2000 Las Vegas: Office #8, International Innovation Center, 300 South 4[th] St, Suite 180, Las Vegas NV 89101
ASX Release
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About SenSen Networks Limited
SenSen Networks Limited (ASX:SNS; OTCQB:SNNSF) is a leading Sensor AI Data enterprise working with people, places and data to solve problems once thought technically impossible. The company’s patented network approach enables SenSen to offer customised, real-time and batch processing of data alongside SaaS solutions.
The Company’s technology fuses complex video and sensor datasets at high speeds across multiple networks to assess and inform strategic actions to its customers across its enterprise verticals: Smart Cities, Casinos, Retail, Smart Surveillance and Emerging Solutions. SenSen has clients on four continents and can be found in Australia, New Zealand, Singapore, USA, Canada, India and UAE.
Not for release to U.S. wire services or distribution in the United States
This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer of securities for sale in the United States or any other jurisdiction. Any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration.
Disclaimer – forward-looking statements
This release may contain forward-looking statements. These statements are based upon management’s current expectations, estimates, projections and beliefs in regards to future events in respect to SenSen's business and the industry in which it operates. These forward-looking statements are provided as a general guide and should not be relied upon as an indication or guarantee of future performance. The bases for these statements are subjected to risk and uncertainties that might be out of control of SenSen Networks Limited and may cause actual results to differ from the release. SenSen Networks Limited takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.
SenSen Networks Limited ACN 121 257 412 www.sensen.ai (+61) 3 9417 5368
Melbourne: Level 1, 9 Harper Street, Abbotsford VIC 3067 Sydney: 3 Spring Street, Sydney NSW 2000 Las Vegas: Office #8, International Innovation Center, 300 South 4[th] St, Suite 180, Las Vegas NV 89101