Precision agricultural technology firm CropLogic has taken another step towards becoming a listed company.
The New Zealand-based group has appointed Novus Capital Pty (Novus) as lead manager ahead of its anticipated listing on the Australian Securities Exchange (ASX).
“Novus’ selection came as the result of a rigorous process in which the board considered several shortlisted parties and their reputation, fit to the CropLogic mindset, their ability to deliver cost effectiveness to existing shareholders, and their understanding of our technology,” said Jamie Cairns, chief executive of CropLogic.
“We believe that we have found an ideal partner in Novus Capital and that they will lead this process and leverage their agtech experience to make the CropLogic listing process a success.”
CropLogic announced its intention to list on the ASX on 14 July 2016 and has undergone two successful capital raisings. It anticipates to list on the ASX later this year.
Late last year CropLogic announced it had signed a binding agreement to acquire a leading US agronomy services company.