SME Capital Raising through ASSOB
The Australian Small Scale Offerings Board offers a way for small companies to raise capital from investors at a fraction of the cost of a stock market listing under section 708 of the Corporations Act 2001.
By opening investment to a number of shareholders, company owners do not lose control to a single large investor, such as with venture capital; at the same time, the financial risk for investors is lower.
Birdwing Business Solutions is an accredited ASSOB sponsor able to help small companies raise capital from $400,000 up to $5m.
The company to be listed by ASSOB must be a public limited company (PTY's will need to convert).
If you would like more information or discussion about the possibilities contact Birdwing Business Solutions.
More information is also available on the ASSOB website here.