Spookfish up on ASX debut
NearMap founder Stuart Nixon has taken a stake in aerial mapping company Spookfish, which had its ASX debut this morning following a backdoor listing through shell company White Star Resources.
Mr Nixon will become a top-20 shareholder in the new company, which also boasts heavy hitting investors such as Navitas founder Rod Jones, Amcom chairman Tony Grist and NBN Co director Simon Hackett.
Mr Nixon invented and patented the award-winning technologies behind geospatial map programs, ER Mapper and nearmap.
The company was bought out by listed group ipernica in 2008 for $16 million.
Ipernica has since changed its name to NearMap, which has a market capitalisation of more than $200 million.
Spookfish executive chairman Jason Marinko said the company was excited to have an industry pioneer and global authority on geospatial information services recognise the potential of the Spookfish technology.
"Mr Nixon's investment clearly acknowledges the calibre of the technical team assembled within Spookfish and his confidence in their ability to execute on their plans to redefine the global geospatial industry," he said.
White Star Resources raised $5 million in a capital raising as part of its recapitalisation and transformation into Spookfish.
Spookfish is focused on technologies for raw imagery data, an attempt to make a higher resolution Google-map-type product.
Shares in the company were up 0.6 cents, or 10.71 per cent, to 6.2 cents at 9.20am since its last traded price under the White Star Resources banner.
