Trident Capital

Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.

Perth-based Safety Medical Products is focusing its activities back in the medical sphere, signing an agreement to acquire an unlisted 3D printing company six months after backing out of a deal to purchase a gold exploration project in Brazil.

A Perth based digital healthcare startup, ResApp Diagnostics has signed a heads of agreement to be fully acquired by Adam Sierakowski’s Narhex Life Sciences.

The number of backdoor listings or reverse takeovers in Western Australia is likely to rise after a change in ASX policy has simplified the process for emerging companies to access capital via existing entities.

Narhex Life Sciences has launched a $4 million capital raising to support development of a phone app that can diagnose illness by analysing the sound of a cough.

A recapitalised Stanfield Funds Management is set to resume trading on the ASX today, with a new focus on Asian technology companies and a strong Western Australian connection.

Two telco companies that provide roaming services have begun their first day of trading on the ASX today, with Norwood Systems making solid gains while Flexiroam closed flat.

Shares in technology hopeful Oz Brewing jumped 33.3 per cent after it concluded a reverse takeover deal with 3D printing company 333D, which was more than a year in the making.

Perth-based Trident Capital has been brought in to advise an Israeli technology company on its $6 million inital public offering and listing on the ASX.