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Why do companies raise capital?

Companies typically raise capital from investors for 3 primary purposes: growth, sustaining operations, and re-balancing the capital mix.

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Last updated Sep 16, 2020

What is a DvP Settlement?

Delivery Versus Payment (DvP) is a common settlement method that ensures shares are only delivered to an investor when payment has been secured. This form of settlement is effected by the ASX's CHESS system (Clearing House Electronic Sub-register System). It does this electronically by simultaneously transferring legal ownership of the shares with the transfer of funds. This is distinct from a 'manual' settlement where an investor will transfer funds to an issuer and receive shares direct from the registry.  DvP is designed to avoid settlement risk, where one party might fail to deliver on their side of the transaction.

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Last updated Aug 12, 2020

What is a Quarterly Cashflow Report (Appendix 4C/5B)

A Quarterly Cashflow Report (officially known as Appendix 4C or 5B) is a quarterly reporting requirement for some ASX listed entities designed provide investors with additional information around whether these entities are meeting their operating objectives.

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Last updated Jul 30, 2020

Who can use Fresh Equities?

Fresh Equities clients must qualify as sophisticated or professional investors.

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Last updated Jul 26, 2020

Which deals are covered by Fresh Equities?

We cover all ASX capital raises that are open to external bids.  Irrespective of size, broker, company or existing demand our aim is to provide full access to the market. 

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Last updated Jul 26, 2020

What is the JMEI Program?

The JMEI program was launched in 2018 by the Australian Government as an annual program to encourage and incentivise Greenfields investment in the mineral exploration space.  It is designed to enable participating companies to transfer tax losses into 'exploration credits' which in turn can be transformed into franking credits or refundable tax offsets for investors.

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Last updated Jul 26, 2020

What is sub-underwriting?

Rights issues, entitlement offers and share purchase plans may be underwritten. This means that an underwriter (usually a broker or bank) is guaranteeing that the amount sought by the company will be raised. A sub-underwriter may be appointed to take up some or all of the underwriter’s subscription obligation. A sub-underwriter assumes a portion of the risk and usually receives a cash fee for doing so. Sophisticated/professional investors can be invited to bid for sub-underwriting.

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Last updated Jul 26, 2020

What is Manual/EFT Settlement?

Manual or EFT (Electronic Funds Transfer) is a common settlement method where an investor electronically transfers money directly to a company or its designated account. In return, the company will instruct their share registry to allocate the investors newly issued shares.

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Last updated Jul 26, 2020

What is Convertible Debt?

Convertible debt (also known as a convertible note) is when a company borrows money from a group of investors with the expectation that it will be converted into equity at a later date.

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Last updated Jul 26, 2020

What is a wall-crossed offer?

Wall-crossing is used to collect early interest for capital raises. It is important that investors understand the obligations of this process before entering into an agreement.

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Last updated Jul 26, 2020

What is a HIN/SRN?

A HIN is like a bank account number, it is used to identify your account with a broker where your shares are held. When shares are not registered under a broker they are held with the company’s share registry and identified by an SRN (Securityholder Reference Number).

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Last updated Jul 26, 2020

What is a capital raise?

A capital raise is when companies approach investors to provide additional capital to the business in the form of either debt or equity.

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Last updated Jul 26, 2020

What happens when I register demand for a company?

When a company doesn't have a live deal Fresh users are able to register their demand for future capital raises. Registering demand for companies you're interested in lets Fresh know which deals deals to target for access and ensures that you are the first to hear about any activity.

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Last updated Jul 26, 2020

What happens when I bid?

During a typical book-build there are three stages: 1. An indicative bid - investor confirms their eligibility and submits a bid. 2. Confirmation - investor confirms the bid, it is now firm and irrevocable. 3. Allocation & settlement - broker determines the allocation amount and presents the investor with a placement letter and settlement details.  Fresh works in the same way.

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Last updated Jul 26, 2020

What happens during Allocation & Settlement?

Fresh enables and prepares you to settle simply and efficiently through both traditional methods of settlement:  1. Manual/Electronic Funds Transfer (EFT) Settlement 2. Delivery versus Payment (DVP) Settlement

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Last updated Jul 26, 2020

What does it cost to use Fresh Equities?

For investors, Fresh Equities is a 100% free service.

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Last updated Jul 26, 2020

What does Fresh Equities offer investors?

Fresh offers deal discovery, simple verification, bidding like an institutional investor, and bid management.

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Last updated Jul 26, 2020

What are the stages of a mining project?

There are 4 key stages of a mining project - exploration, development, production, and care and maintenance.

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Last updated Jul 26, 2020

How does Fresh Equities work?

Fresh Equities is a platform for accessing capital raises. In a few simple steps you can discover and bid on over 50% of the deals released to the market.

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Last updated Jul 26, 2020

How does Fresh Equities get access to these deals?

Fresh works with brokers and companies to secure access to capital raises. We have relationships with hundreds of listed companies and >60 brokerage relationships. In a typical capital raise brokers will be engaged to help fill the allocation. The sales desks within the firm will work with their client lists to generate bids.

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Last updated Jul 26, 2020

What is Fresh Equities?

Fresh Equities aggregates access to public capital raises in one place, lowering friction and making it easier for everyone.

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Last updated Jul 24, 2020

What is an offer letter?

An offer letter is a formal invitation to purchase securities in a capital raising.

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Last updated Jul 24, 2020

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Copyright © 2020 Fresh Equities. All rights reserved. ACN 619 657 028. CAR: 001267539 of AFSL: 471379.