Nightingale Intelligent Systems, Inc is an autonomous drone company that utilizes advanced robotics, AI and Machine Learning technology to provide Robotic Aerial Security to the multi-billion-dollar perimeter security market. It is set to list on the Australian Securities Exchange (ASX).
Company’s key products and services
- Blackbird UAV: Specialised intelligent UAV with AI to respond to threats in real- time
- Base station: Houses, charges, and provides command and control for the Blackbird UAV, allowing it to be mission-ready 24/7
- Mission Control Software: Equips security teams with a real-time decision support system to help keep their facilities safe.
Nightingale Intelligent Systems, Inc was looking to raise up to $5,000,000 at $0.22 per CDI in its initial public offering (IPO). The Public Offer opens on 22 Aug 2022 and closes on 31 Oct 2022. The expected date for quotation on ASX is 18 Nov 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | NGL |
| Name | Nightingale Intelligent Systems, Inc |
| Website | http://nightingalesecurity.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Novus Capital Limited (Lead Manager) |
| Opening Date for the Public Offer: | 22 August 2022 |
| Closing Date for the Public Offer: | 31 Oct 2022 |
| Expected date for New Shares to commence trading on ASX | 18 Nov 2022 12:00 PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $5,000,000 |
| Offer price per CDI | $0.22 |
| Ratio of CDIs per Share | 1 CDI : 1 Share |
| Shares on issue at the Prospectus Date | 64,112,905 |
| CDIs to be issued under the Public Offer | 22,727,723 |
| Total CDIs (undiluted) | 129,000,635 |
| Escrow | 25,789,028 Shares / CDIs, 4,655,927 Employee Options and 7,000,000 RSUs (a period of 24 months from the date of official quotation) 6,462,897 Shares / CDIs (a period of 12 months from the date of issue of the securities) |
Source: Nightingale Intelligent Systems, Inc Prospectus or Supplementary Prospectus, Presentation, Official Website.