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Revasum (ASX:RVS) dispatches Retail Offer Booklet for Entitlement Offer

Revasum's Retail Entitlement Offer Announcement


Revasum, Inc. (ASX:RVS) has announced the despatch of the Retail Offer Booklet and personalised entitlement and acceptance forms to eligible shareholders for the retail component of the Company's accelerated non-renounceable pro-rata entitlement offer. The Retail Entitlement Offer opens on December 5, 2023, and closes on December 14, 2023, aiming to raise a minimum of A$2.31 million and up to approximately A$6.25 million.

Executive Commentary on Retail Entitlement Offer


The Retail Offer Booklet provides eligible shareholders the opportunity to apply to participate in the pro-rata entitlement offer for the issuance of new CHESS Depositary Interests representing shares of common stock in the Company. Eligible retail securityholders should carefully read the Retail Offer Booklet and follow the instructions in the booklet and their personalised entitlement and acceptance form if they wish to participate in the Retail Entitlement Offer. The CEO's letter provides background and reasons for the Entitlement Offer and details of the Retail Entitlement Offer and how to apply. The Retail Entitlement Offer is non-renounceable, and there is no rights trading. Eligible Retail Securityholders are encouraged to consider the risks associated with the investment and seek professional advice before participating.

Overview of Revasum's Retail Entitlement Offer


Revasum is conducting a Retail Entitlement Offer, aiming to raise a minimum of A$2,310,000 and up to approximately A$6,250,000. The offer opens on December 5, 2023, and closes on December 14, 2023. The proceeds will be utilized for working capital, transaction costs associated with the Entitlement Offer, and potential research and development for future projects. The company's equipment is designed and developed in close collaboration with its customers for the global semiconductor industry. Revasum's product lineup includes fully-automated and integrated single-wafer grinding and polishing systems for silicon carbide, critical in compound semiconductor substrate manufacturing. The announcement provides comprehensive details about Revasum's Retail Entitlement Offer, its implications, and the company's operations and financial position.

Sourcehttps://announcements.asx.com.au/asxpdf/20231206/pdf/05y7tzgk0d7vp7.pdf

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