New Zealand-based mixer producer East Imperial has raised approximately £325,000 (US$413,000) to expand in the US and Asia Pacific.
According to a London Stock Exchange filing, East Imperial is offering shares in the company at a price of 1.1p per share.
The proceeds from the share placement will be used to provide working capital and tap into the growth opportunity in the US and Asia Pacific.
The company faced a ‘lack of growth capital’ in 2023 which impacted East Imperial’s total case sales last year. Since August 2023, it has focused on reducing its costs.
East Imperial plc (LON:EISB), founded in 2012, produces and markets a line of branded premium mixers that sell throughout APAC, US and EMEA. The company was founded on the philosophy of creating products defined by heritage, tradition and authenticity.
