Today, we feature an update from GMDx a genomics testing company that delivers the next generation of immunogenomic diagnostics
Also, an update from Lava Blue as it passes the half way mark of its capital raise.
Finally we have 2 secondary trading opportunities, Rover and Buzfeed both Unicorns based in the US.
GMDx believes it currently qualifies under the Australian Tax Office (ATO) classification of an Early Stage Innovation Company (ESIC).
Under this classification investors may be eligible for tax incentives in accordance with ‘Division 360 of the Income Tax Assessment Act 1997’.
Investors may be eligible for a tax offsets and capital gains relieve and should seek financial advice from their accountant or financial advisor in relation to potential ESIC benefits and before making any investment decision.
GMDx is an Australian company raising A$1.7M, for more Information Click Here.
Lava Blue has secured $1.35M of the current capital raise with strong additional investor interest and a number commitments expected to
close shortly. If you are interested please enquire ASAP.
Additionally, Lava Blue have some exciting business updates:
Lava Blue are at the centre of one of the Federal Government’s five focus areas for rebuilding manufacturing industries in Australia as a company solely dedicated to critical minerals processing using machine learning and advanced manufacturing techniques.
Lava Blue is proceeding to build the HPA mini-plant in Brisbane which will be co-located alongside the National Battery Testing Facility and a lithium ion battery fabrication facility. Commissioning the mini-plant will significantly revalue the Company. Lava Blue will be the only enterprise in the world running a mini-plant that can demonstrate repeated production of HPA from kaolin.
Additional Grant Funding from IM CRC for Mini-Plant project
Since winning a $645,000 grant in September 2019, Lava Blue and research partners at QUT have been able to maintain progress across a number of fronts, including demonstrating early outcomes of machine learning in manufacturing of HPA. This substantial progress, along with the relocation of the mini-plant facility from the original small site at Banyo to the Redlands Energy Science Park, has resulted in the IM CRC increasing the total grant to $1,045,000.
Lava Blue is an Australian company raising A$2.5M, for more information please Click Here.
SECONDARY TRADING - UNICORNS
Rover the developer of a pet-sitting network designed to connect pet owners with dog walkers and sitters. The company provides an online
pet-sitting marketplace that enables users to create a profile describing themselves and their dogs, browse profiles, read reviews and contact dog
sitters for services.
Funding to date of US$318.63M and last round valuation of US$926.19M, for more information Click Here.
BuzzFeed is the social news and entertainment media company that has redefined online advertising with its social, content-driven publishing
technology. According to the company, BuzzFeed provides the most sharable news, original reporting, entertainment and video across the social web to
its global audience of well over 100M.
Last round valuation of US$1.71B, for more information Click Here.