Activeport raises US$2.33M placement; Antipodes takes 5.1% stake
What's the deal? Australian network automation firm Activeport GroupDealroom has a profile for this one. Try Dealroom → (ASX: ATV) has secured firm commitments for a US$2.35M placement of shares at US$0.01 each — a 16.7% discount to its July 21 close. New strategic backers include Sydney and London-based Antipodes PartnersDealroom has a profile for this one. Try Dealroom → and Scobie Ward, co-founder and former chairman of Ward Ferry ManagementDealroom has a profile for this one. Try Dealroom →.
The structure: The raise splits into two tranches. Tranche 1 of about US$1.64M used existing placement capacity and needed no shareholder approval; Tranche 2 of roughly US$711.8K awaits approval at a general meeting. Existing shareholder MWP PartnersDealroom has a profile for this one. Try Dealroom → also participated on a follow-on basis.
What's the endgame? Activeport builds network orchestration software for global telecoms, data centre, and IT markets from its Perth base, with operations across Australia, Europe, and India. Proceeds fund product development (US$582.4K), sales growth (US$582.4K), business development (US$248.5K), working capital (US$776.5K), and offer costs.
Why now? The placement follows an active year. Activeport made its Global Edge product available to international telcos, extended a TelstraDealroom has a profile for this one. Try Dealroom → agreement to license its software to government agencies, and partnered with FirstWave Cloud TechnologyDealroom has a profile for this one. Try Dealroom → to serve an Australian neocloud operator with GPU compute access.
A notable backer: Antipodes Partners, named 2026 Morningstar Fund Manager of the Year, became a substantial holder on August 3 with 66,666,666 shares — voting power of 5.086%.
In their words: "This is a defining moment for Activeport, supporting new management to drive the company forward," said executive chairman and chief executive Peter Christie. He added that strong institutional demand "meant we were able to scale-up this placement to accelerate Activeport's growth."
The signal: A substantially oversubscribed raise, priced at a discount but drawing institutional names, signals investor appetite for the small-cap even as it dilutes existing holders. Joint lead managers Alpine CapitalDealroom has a profile for this one. Try Dealroom → and GBA CapitalDealroom has a profile for this one. Try Dealroom → will receive 22 million broker options, exercisable at US$0.01, subject to shareholder approval.
Read more: Kalkine Media, techpartner.news
Image credit: cbowns
