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Naked Brand Group Limited (NAKD) Signs Definitive Agreement for $100 Million Private Placement

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Naked Brand Group Signs Definitive Agreement for $100 Million Private Placement

February 25, 2021 8:02 AM EST

Additional Capital to Accelerate Development of Company's Digital Platform Technology and Support Acquisitions to Expand E-Commerce Business

SYDNEY, AUSTRALIA / ACCESSWIRE / February 25, 2021 / Naked Brand Group Limited (NASDAQ:NAKD) ("Naked" or the "Company"), a global leader in intimate apparel, has signed a definitive agreement for a private placement of restricted ordinary shares and warrants for aggregate gross proceeds of approximately $100 million with accredited investors. Upon the closing of the private placement, the proceeds will be used to develop the Company's technology solutions, increase its existing digital footprint, and pursue accretive... More