Melbourne-based Atomos raised $16 million through a combination of an $8 million entitlement offer and an $8 million placement.

The entitlement offer, fully underwritten on a 1-for-1 basis, closed with approximately $5.2 million in applications. Domazet FT3 will cover the $2.8 million shortfall as per its sub-underwriting commitment.

The placement has secured $8 million in firm commitments, including contributions from executive directors and the chair.

The placement and entitlement offer include free attaching options. The entitlement offer will issue approximately 402.2 million new shares and 201.1 million options.