Dropsuite Limited (ASX:DSE) will look for acquisitions. Theodore James Hnarakis, Chair of Dropsuite said, “During the year, the company made the strategic decision to conduct a placement that would strengthen our capital position to fund potential acquisition opportunities and drive further investment in product innovation and improvements. The AUD 20.1 million placement completed in August '21 was well supported by new and existing Australian and international institutional investors.

The strategic decision to raise capital at the time also ensure the company will remain resilient against any economic shifts and provides adequate capital for us to execute upon our next phase of growth. Looking ahead, the Board and management team continue to be active in assessing acquisition opportunities, and we remain committed to deploying the capital prudently and in line with our investment criteria outlined to the market with a focus on accretive and complementary acquisitions”.