Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    • News

  • Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    • News

  • EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    • News

  • RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    • News

  • BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    • News

  • AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    • News

  • Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    • News

  • Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    • News

  • FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    • News

  • Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    • News

Complii to offer off-market investment opportunities with acquisition of PrimaryMarkets

  • In News
  • September 15, 2021
  • Alfred Chan
Complii to offer off-market investment opportunities with acquisition of PrimaryMarkets

Investors keen to gain early exposure to rising companies before they list publicly will soon be able to do so via Complii Fintech (ASX: CF1) which is set to acquire investments platform Primary Markets via an off-market takeover. 

The proposed acquisition has been confirmed in the form of a Bid Implementation Agreement which would see PrimaryMarkets join Complii as a wholly owned subsidiary with minimal change to operations. 

While already offering a range of capital raising services for ASX-listed companies, the acquisition of PrimaryMarkets extends Complii’s reach into the non-listed sector. 

Founded in 2016, PrimaryMarkets enables the trading of securities in unlisted companies. Using the platform, privately-held companies can get access to capital via PrimaryMarkets’ network of 110,000 global investors as well as their share registry services to maintain regulatory compliance. 

To date, PrimaryMarkets has listed more than 380 private investment opportunities which have generated more than $187 million in trade liquidity. Some of the better known companies to use PrimaryMarkets include cryptocurrency exchange Kraken and gaming tech company Animoca Brands which has since become a tech unicorn after the ASX kicked the company off Australia’s exchange. 

With the acquisition of PrimaryMarkets, Complii would be able to facilitate the transition of an unlisted company onto the ASX once they are ready to scale their business via access to larger capital. 

Consideration for the acquisition includes 105 million CF1 shares which at their last close of $0.051 equates to approximately $5.35 million with a further 37 million Options to be issued. That allocation of Options include 16 million with an exercise price of $0.075 and 21 million at $0.10, all expiring 24 months after completion of the proposed acquisition.  

All together, vendors of PrimaryMarkets would hold approximately 25% of Complii shares if the acquisition is approved by CF1 shareholders at the upcoming Complii AGM. 

Under the proposal, PrimaryMarkets Founder Gavin Solomon would join the Complii Board as an Executive Director, bringing with him more than 35 years of experience in Australian and Asian Equity Capital Markets.

Listing on the ASX themselves in December 2020 via a backdoor listing, Complii offer B2B financial services for stockbrokers and AFSL holders. Their most popular product, AdvisorBid is an online platform that processes the backend administration for Institutional Placements, taking care of all paperwork via digital signatures to expedite the process for ASX-listed companies to complete a Placement with maximum investor reach. 

In FY21, more than $14.7 billion of funds were raised on the AdvisorBid platform where brokers and AFSL holders pay subscription fees to Complii rather than a percentage of funds raised. This resulted in a 59% increase in revenue over the year to $2.72m for Complii, of which $2.15m was locked in as recurring revenue. 

No financials for PrimaryMarkets were disclosed by Complii but the acquisition has the full support of the PrimaryMarkets Board. 

 

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  •  
  •  
  •  
  •  
  • News

Leave a Comment

You must be logged in to post a comment.

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.