RTO: Disruptive Cloud-based Software

This disruptive Cloud software platform that has helped over 100,000 SME’s globally to easily backup, recover and protect their digital assets. Founded in 2012 with HQ in Singapore, they are one of the only cloud based digital backup software solutions on the market, and has established global on-selling partnership agreements with some of the largest Internet service providers and Web Hosting sites in the world including; GoDaddy, Ingram Micro and GMO internet) These alliances give them the ability to reach millions of SME’s worldwide and are now positioned for exponential growth. The funds raised will be used to expand it’s international offices and sales.

Raise Amount
Offer Price
Dec 16, 2016

Strong Growth in revenue and paid users

Dropsuite has expanded its reseller partner base significantly since 2013, resulting 480 x growth in paid end users.

31 Dec 2013 31 Dec 2014 31 Dec 2015 31 Aug 2016
Revenue (S$) $22,735 $60,979 $303,977 $785,164
Paid Users 216 4,179 42,878 101,628

This fast growing tech company has global blue chip resellers including GoDaddy, Ingram Micro and GMO internet.

Dropsuite has experience 480x times growth of it’s paid end users since 2013.

The company is looking to raise $8M on the ASX via RTO into listed entity Excalibur Mining ASX: EXM.

Type Min Max
Subscription $5,000,000 $8,000,000
Shares on issue at date prospectus 350,595,738 350,595,738
Proposed shares post consolidation 1:15 23,374,286 23,374,286
Issue of shares on public offer 50,000,000 80,000,000
Issue of Shares under the Greenbase Vendor offer as consideration shares 282,600,004 282,600,004
Issue of shares under the conversion offer 27,000,000 27,000,000
Total shares post consolidation 382,974,290 385,974,290
Total Performance Shares 49,500,000 49,500,000
Total Options 22,334,173 22,334,173
Market Cap (Post Completion) $38,297,429 $38,597,429
This deal closed on December 16, 2016