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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

Me Today raises $3.1m amid restructuring

Despite major shareholder’s withdrawal, Me Today secures investment for growth and research, eyeing global expansion.

Me Today has raised capital, with hopes of cracking the Chinese market.

Liam Rātana Thu, 28 Mar 2024
Key points
  • What’s at stake: Me Today is aiming for financial stabilisation and growth through a strategic capital raise and restructuring plan.
  • Background: Amid financial challenges and a move to divest from King Honey, Me Today raises funds exceeding its target, with key investments from leadership, despite the largest shareholder’s decision not to participate.
  • Key players: Me Today, Terry Jarvis, Stephen Sinclair, Grant Baker.

Honey and wellness company Me Today has raised $3.1 million via a rights issue as part of a debt restructuring plan, despite its second largest shareholder choosing not to invest further.

"Terry Jarvis's decision not to participate in the rights issue was his own. Despite this, we've received good

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Liam Rātana Thu, 28 Mar 2024
Contact the Writer: liam@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • What’s at stake: Me Today is aiming for financial stabilisation and growth through a strategic capital raise and restructuring plan.
  • Background: Amid financial challenges and a move to divest from King Honey, Me Today raises funds exceeding its target, with key investments from leadership, despite the largest shareholder’s decision not to participate.
  • Key players: Me Today, Terry Jarvis, Stephen Sinclair, Grant Baker.
Me Today raises $3.1m amid restructuring
Investment,
103402
true