EAT Displays is an adtech company that provides digital out-of-home advertising solutions in previously untapped, engaging retail environments such as foodcourts and airports. The company has turned the traditional table into a powerful innovative display unit that provides advertisers, retailers and others with an unparalleled opportunity to connect and engage with each other, at a time when consumers are at their most receptive and responsive – while taking time out to eat, drink, relax and charge their mobile devices.
The company has installed its globally patented smart table at 4 locations with LendLease and Dexus, has a contract to install with ISPT, and is in advanced stages with Sydney Airport and a number of other blue-chip clients as it expands its national footprint.
EAT Displays records and stores customer behaviour and demographics through concealed visual sensors, and has the ability to provide hypertargeted advertising content based on specific demographic features. This allows brands to reach target audiences in highly engaged, retail environments while store managers can gain deeper insights into customer behaviour.
The initial targets are shopping centres and airports, where people sit to eat and drink for prolonged periods, with a high propensity to spend. Average dwell time in food courts is 20 minutes; international airports is 120 minutes.
Section 708 disclosure: The issuer of the securities is EAT Displays Holdings Pty Ltd ACN 623 195 246. The securities to be issued are fully paid ordinary shares. The information provided on the OnMarket website has been prepared by EAT Displays Holdings Ltd, and OnMarket makes no representation as to its accuracy or completeness. No prospectus has been prepared and accordingly, the Offer is being made to sophisticated, experienced and professional investors only.
The offer close and the 'Pay By' dates may change. Duplicate bids under the same investment profile or investor name may be cancelled. If oversubscribed, applications will be scaled back on a pro rata basis.
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The Lead Manager has confirmed that the company has reached the $5 million min offer size.
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