Mad Paws Holdings Limited announced a $5.25 million strategic investment from Seven West Media to accelerate growth in Australia's leading pet ecosystem.
This investment includes a first tranche of $5.25 million, with an option for a further $4 million in media in a second tranche.
The investment grants Seven West Media a 10.8% stake in Mad Paws at $0.12 per share. Funds will enhance advertising and content development, aiming to solidify Mad Paws as a top pet ecosystem in Australia.
Additionally, Mad Paws has an option for further advertising placements worth $4 million from Seven West Media within 24 months, potentially settled through additional share issuance.
This announcement is a summary of the company approved ASX announcement on 16/2/2024 and is based on facts.