Kneat, a prominent Canadian company with its operational headquarters in Limerick, Ireland, has successfully orchestrated a substantial public offering.
The company, known for its pioneering next-generation Kneat Gx SaaS platform, has announced its recent financial triumph, securing a whopping $15m. This financial injection comes as part of an agreement with a consortium of investment dealers, prominently led by Cormark Securities Inc.
These leading underwriters have committed to procuring 4,615,600 common shares directly from Kneat’s treasury. Priced at a notable $3.25 per common share, this move is poised to propel the company’s growth trajectory.
At its core, Kneat specialises in developing and marketing its innovative Kneat Gx SaaS platform. This platform is a versatile solution that allows businesses to configure multiple work processes, ranging from equipment and computer validation to comprehensive quality document management. It’s not just about functionality; the platform is designed with stringent regulatory compliance in mind, adhering to FDA 21 CFR Part 11/EU Annex 11 standards.
Kneat’s technology facilitates seamless online authoring, reviewing, and approval processes, coupled with robust testing and exception management capabilities. Its clients, spread across the globe, report substantial productivity boosts and heightened standards in data integrity and compliance.
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