Australian financial Review
Street Talk
E-commerce outfit Harris Technology launches placement
Sarah Thompson, Anthony Macdonald and Tim Boyd
Aug 7, 2020 – 9.50am
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Online technology products retailer Harris Technology is making the most of the e-commerce boom.
Harris Technology was raising money on Friday. Jim Rice
The $22 million company launched a $3.6 million placement on Friday to get some more working capital in the door.
The offer was priced at 8¢ a share, which represented a 30.5 per cent discount to Harris Technology's last close, according to terms sent to funds.
Bids into the placement were due to lead manager Evolution Capital Advisors by Monday.
Harris Technology was previously owned by Officeworks and prior to that the Coles Myer Group. It no longer has any physical stores and its main business is its e-commerce website, selling IT products for small and medium businesses locally.
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