TradeWindow announces capital raising results

MEDIA RELEASE
TradeWindow announces capital raising results
Auckland, NZ – 27 February 2023
Trade Window Holdings Ltd (NZX: TWL)(“TradeWindow”) today announced it has
secured $5.4 million under its non-underwritten capital raising ("Share Offer"),
which targeted proceeds of up to $20 million. Key investors supported the Share
Offer.
TradeWindow Chair Alasdair MacLeod said: “While the offer has fallen short of its
target, we are pleased with the commitment from key shareholders. We remain
engaged with potential strategic investors to provide growth capital outside of
the formal offer process and we are exploring alternative funding sources.”
“In this challenging capital market we will reduce cash usage to a more
sustainable level by re-prioritsing R&D investments and identifying cost
efficiencies - without impacting our ability to continue to service our customers,
meet market demand, and generate revenue from existing solutions.”
“The reduction in capital requirements will impact the speed at which we can
consolidate existing solutions into the global trade platform. TradeWindow
remains committed to this strategy and to achieving profitability. We will release
revised financial projections following the conclusion of funding plans.”
“TradeWindow has an impressive customer base, including some of the world’s
largest agriculture exporters. Demand for TradeWindow’s solutions remains strong
and the business has a healthy sales pipeline of high-value prospects across New
Zealand, Australia, Philippines and USA."
FY23 guidance remains in place as updated on 13 January 2023 with trading
revenue expected to be approximately $4.8 million to $5.1 million and total
income to be approximately $5.5 million to $5.8 million.
Settlement and allotment of the new shares subscribed under the Share Offer is
expected to occur on 2 March 2023. The new shares will be issued on 6 March 2023
at the issue price of 45 cents (being a 10% discount to the closing price the day prior
to the launch of the Share Offer) and will rank equally in all respects with
TradeWindow's existing ordinary shares.

ENDS

Released for and on behalf of TradeWindow by:
Deidre Campbell
Chief Financial Officer

For further information:

Coran Lill
The Project
+64 27 342 3836


About TradeWindow:
Founded in December 2018, TradeWindow is an early-stage software company that provides digital
solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase
connectivity, and enhance visibility. TradeWindow’s software solutions integrate to form a cohesive
digital trade platform that enables customers to more efficiently run their back-end operations, share
information and securely collaborate with a global supply chain made up of customers, ports,
terminals, shipping lines, banks, insurance companies, and government authorities.
www.tradewindow.io


Not for distribution or release in the United States.
This announcement is not financial product advice and has not taken into account your objectives, financial
situation or needs. This announcement has been prepared for release in New Zealand. This announcement does
not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any
jurisdiction in which such an offer would be illegal. The offer and sale of the shares referred to in this announcement
have not been and will not be registered under the U.S. Securities Act of 1933 (the U.S. Securities Act) or the
securities laws of any state or other jurisdiction of the United States. Accordingly, the new shares to be offered and
sold in the Placement may not be offered or sold, directly or indirectly, in the United States or to persons that are
acting for the account or benefit of persons in the United States, unless they have been registered under the U.S.
Securities Act, or are offered and sold in a transaction exempt from, or not subject to, the registration requirements
of the U.S. Securities Act and any other applicable state securities laws. The new shares to be offered and sold in
the SPP may not be offered or sold, directly or indirectly, to any person in the United States or any person acting for
the account or benefit of a person in the United States.