Overview
Regen (https://regenerated.co.nz/) is a cloud based agri-tech digital services company. Regen's vision is "A world where farming is synonymous with sustainable environmental stewardship (Kaitiakitanga)." Regen sells proven recommendation tools for scheduling water and effluent irrigation as well as nitrogen application on dairy farms. Based on farm-specific real-time sensor data and localised weather forecasts the service provides daily recommendations to farmers on when and how much water for effluent to irrigate, or nitrogen to apply and captures the actions of the actual application made, for reporting purposes. The benefit Regen provides to farmers is to enable: Regen is seeking NZ$1,500,000 to move from an innovative early-stage company to a substantial local and international business providing leading environmental management services. Regen will do this via the new issue of Ordinary Shares for 25.86% of the Company at price of NZ$6.61 per share. The minimum for this offer is NZ$1,000,000 which has now been committed by investors. Existing investors in this capital raise include many experienced agribusinesses and irrigation professionals. Syndex investors will be investing alongside, and on the same terms as, John Penno (Managing Director of Synlait), Maury Leyland (ex-Fonterra) and Chris Todd (Owner of Parkland Products). Investors can subscribe for a minimum parcel of $50,000 and can increase in units of $10,000 thereafter. The full IM is attached and can be found by clicking "Documents" above. Please note that although the IM states that there is no liquidity in these shares the company intends to list on Syndex within 2 years and offer periodic liquidity opportunities for investors.
Investment Details
Investment Type: Wholesale
Transaction Size:NZD 1,500,000.00
Committed Capital:NZD 1,100,000.00
Pre-money valuation:NZD 4,300,000.00
Minimum Capital Raise:NZD 1,000,000.00
Share Price:NZD 6.61
Unit Price:NZD 6.00
Minimum Investment Size:NZD 50,000.00
Advisor
Pacific Channel Limited
Website: http://pacificchannel.com
Email: [email protected]
Phone:+64 9 377 9689
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