The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.
If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.
You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
The opportunity exists for wholesale investors to express interest in investment in Tectonus.
Overview:
Tectonus technology minimises structural, economic, and environmental damage in the aftermath of an earthquake. Tectonus has created proprietary seismic devices that are both energy-damping and self-centering. Unlike traditional strengthening, structures with Tectonus technology can rock and resettle back to their original position. This allows the building and its occupants to recover quickly after an earthquake. Tectonus generated $2.2m of revenue in FY23. It has delivered 25+ projects since 2018, with over 1000 devices installed. They have a $52m project pipeline and are targeting $8m and profitability in FY26 with a focus on commercial retrofits and important buildings such as hospitals, government, emergency services, public buildings, and institutions across NZ and North America. They have a growing patent portfolio in 8 countries.
Share offering:
Tectonus has a primary and secondary share offering.
- Primary offer - Pacific Channel, New Zealand’s first and largest deep-tech venture capital firm, is leading a $3M raise and committing $1.25M that will enable the business to break even, at pre-money offer $9.5m. Investors have the opportunity to invest on the same terms. Share price is $1.42 with a minimum investment of $100,000.00
- Secondary offer – An existing shareholder is wishing to sell shares in the company. There are 136,862 ordinary shares at $1.28 per share representing a 10% discount to the current primary offer led by Pacific Channel, with a minimum investment of $50,000.00
For more investment information, click Register Interest below
