BUB bubs australia limited

Ann: Bubs Completes $30m Placement and Share Purchase Plan, page-9

  1. 126 Posts.
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    Based on the slides they're using half of the funds for the Deloraine earnout payments.
    $35m capital raising comprising:
    - $15m for M&A commitments - paying Deloraine their earnout payment
    - $5.5m for China Marketing
    - $5m for Asia Expansion - increase market share in Vietnam and launch into Hong Kong
    - $5m for Product Innovation - extend food nutrition for kids
    - $3m for supply chain

    All up $18.5m is actually used for operational purposes.
 
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