Votiro Management Call Pengana Capital Markets

Votiro is a leading provider of B2B cybersecurity solutions to companies around the globe, across a range of industries, including healthcare, finance, and government. Votiro is at a commercial tipping point with numerous near-term growth opportunities. The need for increased cybersecurity measures for all companies, and governments, is a top priority around the world. Here in Australia, we have recently witnessed major cybersecurity breaches at both Optus and Medibank. Votiro is a key component of the Cybersecurity solution.

• Raising up to US$5m (AU$7m)
• The raise is priced at a 2022 (a) ARR of 3.4x, and 2023 (f) ARR of 1.3x
• Securities will rank equally with the Company’s existing fully paid ordinary shares on issue
• Existing shareholders’ loans of US$6.4m have converted on the same terms.
• Harvest Lane Asset Management invested US$5m after 2 months of due diligence, on the same terms.
• Use of funds is to target the large North American market opportunity and convert the extensive existing sales pipeline.

Interested potential investors had the opportunity to hear from the Chairman and CEO of the Company and ask questions in the above recording.