Sagtec Global, a Malaysia-based provider of point of sale software for the food and beverage industry, raised $7 million by offering 1.8 million shares at $4.00, the low end of the range of $4.00 to $4.50.
The company provides customizable software and ordering kiosks for the food and beverage industry. Its Speed+ software is installed onto third-part point of sale machines. Sagtech Global is also involved in a variety of other businesses, such as social media management services, selling power-bank charging stations, and data management services.
Sagtec Global plans to list on the Nasdaq under the symbol SAGT. The Benchmark Company acted as sole bookrunner on the deal.
