Scalare Partners Secures $3 million to Acquire Tank Stream Labs, Launches $1.08 million SPP

Highlights:

• Scalare Partners (ASX: SCP) raises $3 million via placement, priced at $0.12 per share.
• Launches $1.08 million Share Purchase Plan for eligible retail investors on matching terms.
• Funds to complete Tank Stream Labs acquisition and support future investments.

Strategic Capital Raise to Fund Key Acquisition

Scalare Partners Limited (ASX: SCP) has successfully raised $3.0 million through a share placement to institutional and sophisticated investors, including board members and company executives. The funds will be used primarily to complete the acquisition of Tank Stream Labs, a leading flexible workspace provider for tech firms in Australia, as well as for additional investments in portfolio companies, working capital, and associated offer costs.

The placement was executed at $0.12 per share, representing a 29.4% discount to the last closing price on 11 July 2025. It includes approximately 25 million new fully paid ordinary shares, alongside one free attaching option for every two new shares, exercisable at $0.18 and valid for two years.

Share Purchase Plan Offers Retail Investor Access

In addition to the placement, Scalare is offering existing eligible shareholders in Australia and New Zealand the chance to participate through a Share Purchase Plan (SPP), aiming to raise up to $1.08 million. The SPP will allow investors to acquire up to $30,000 worth of new shares at the same discounted rate of $0.12 per share.

All new shares under the SPP and remaining placement shares are subject to shareholder approval at an Extraordinary General Meeting on 28 August 2025.

Market Support and Strategic Outlook

CEO Carolyn Breeze expressed confidence in the strong backing from both new and existing investors to fund the strategic acquisition of Tank Stream Labs. Joint lead managers for the raise include Novus Capital, GBA Capital, and Blackpeak Capital. At the time of writing, Scalare's capital raise positions the company to scale operations and enhance its presence in the flexible workspace and tech investment ecosystem.

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