Phaos Technology Holdings (Cayman) Limited Announces Entry Into Securities Purchase Agreement for an Equity Facility of Up to US$10 Million
Summary
Phaos Technology Holdings announced a securities purchase agreement that gives it the right to sell up to US$10 million of Class A ordinary shares over a 36-month period. The company will sell shares to High West Partners LLC at prevailing market prices once the agreement conditions are satisfied. Phaos also agreed to issue a commitment-fee share grant tied to the first purchase notice. The company says it builds advanced microscopy products and AI-powered software solutions for manufacturing, biomedical, and research customers.
Funding
Amount
$10.0M
Total raised
Date
September 28, 2026
Announcement date
Investors
-
Lead investors
Company
phaostech.com
Funded company
AskAI Classifications
Sectors
Manufacturing Industry
Shop Floor Control
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Phaos Technology Pte. Ltd.
$1M to $5M