ISOTeam plans to raise $10m for drone initiative

The funds will be raised through share placement.

ISOTeam Limited plans to raise $10m via placement of approximately 86.2 million new ordinary shares at $0.081 per share.

The company stated that the proceeds will be utilised to support its drone initiatives as part of the group’s digital transformation strategy.

The exercise will comprise the proposed placement that will raise $7m and a proposed convertible bond placement through the issuance of 32.9 million conversion shares at $0.091, which will raise $3m.

SAC Capital has been appointed the agent for the share placement, whilst SooChow Singapore Capital Markets has been appointed the agent for the convertible bond placement.

Completion is expected to be no later than eight weeks from 11 September 2025.