The board has agreed to undertake a review in the middle of the year / in a couple of months time and consider if they want to progress to a pre-IPO / IPO. The decision has not been made.
Bell Potter and Cannacord have been appointed as joint lead managers and have been supporting the company for a few months.
The post money valuation from the last raise in July 2019 was $40 million and going ahead there, will be a premium given the amount of progress delivered since then.
