The Oneview Healthcare PLC (ASX: ONE) share price is by far one of the best performers on the ASX market today. This comes after the company announced that it has entered into an agreement with StocksDigital.
In early-afternoon trade, the healthcare technology solutions company’s shares are up an astonishing 106.2% to 16.5 cents. Almost 100 million shares have swapped hands between investors.
What’s the detail in the Oneview agreement?
The Oneview share price rocketed to a new 52-week high as investors appear upbeat about its latest announcement.
According to its release, Oneview advised that it has signed an investor awareness agreement with S3 Consortium trading as StocksDigital. This will see Oneview provided with in-depth research, commentary and investment advice services.
The company stated that this is an important measure taken as no formal research coverage had been relatively conducted. Oneview believes that this will further strengthen the balance sheet and boost investor awareness to build its profile. Indeed, this is a perfectly timed announcement as the company gears up to launch its Oneview Cloud for Enterprise globally. Sales and marketing campaigns are also planned in the near future for the United States and Australia.
The agreement, effective immediately, will run for a period of 18 months. Oneview will pay $375,000 for StocksDigital’s services and allocate 6.25 million CHESS depositary interests over fully-paid ordinary shares (CDIs).
In addition to the deal, StocksDigital and investors within its network will invest $1 million into Oneview. In return, the 16,666,666 CDIs will be allotted from Oneview to the participating investors. The offer price will be set at 6 cents apiece. This represents a discount of 18.9% on the volume-weighted average price of CDIs on the last 5 trading days.
The company plans to use the funds to achieve its growth strategy of the new Cloud platform.
About the Oneview share price
The Oneview share price has performed well over the past 12 months, gaining 117%. However, the companies shares have surged to more than 250% year to date, hitting a 52-week high of 19 cents today.
Based on the current share price, Oneview has a market capitalisation of around $65.6 million.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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