They need capital to fund acquisitions. Past announcements have indicated this will happen and Charif repeated this when questioned in the live quarterly update. All long-term holders knew this was coming.
Charif said "These funds will enable Dropsuite to further strengthen and deliver on its mission of safeguarding business information by actively pursuing high-conviction complementary acquisition opportunities. Our focus is on identifying opportunities that strongly align with our strategy and allow us to more rapidly expand our suite of products and our global partner footprint and will ensure we remain well-positioned to benefit from the strong tailwinds and structural growth drivers within the backup and recovery sector"
DSE Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
