The SPP provides the opportunity for eligible shareholders to subscribe for up to $15,000 worth of shares each without incurring brokerage or other transaction costs.
Funds raised will be used to support Covata’s focus on Europe, ongoing digital marketing and lead generation campaigns for its SafeShare for International Trafficking in Arms Regulation (ITAR) product in the US and Europe.
Trading update to be revealed
Covata also noted that It intends to lode its quarterly report on or before January 31, 2019 and will provide a trading update based on its unaudited half-year results at the same time.
Recently, Covata’s managing director & CEO Ted Pretty updated Proactive Investors on its product development, partnership with Germany-based dataglobal GmbH, and upcoming activities.
For the past six to seven months Covata has been doing its first major implementation with a large German customer that has over 300,000 users internationally.