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29 Apr 2024

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Rescue looms for Snakk Media creditors
A reverse takeover bid is on the cards for failed mobile advertising firm.

Snakk's CEO departs after first creditors' meeting
Snakk Media's chief executive Joel Williams has ceased his employment with the company, it advised in a one-sentence statement late Friday.The Derek Handley-founded mobile advertising company also said that KordaMentha, the voluntary...

Mobile advertising company Snakk Media in administration
Snakk Media, a mobile advertising company founded by tech entrepreneur Derek Handley, has been tipped into voluntary administration.Rahul Goyal and Scott Langdon of KordaMentha have been named joint administrators according to a...

Snakk Media hit by $215,000 online scam
Snakk Media, the NXT-listed mobile advertising company, says it has become the victim of an online scam that could cost as much as $215,000

Snakk maintains above-target gross margin in third quarter
Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertiser demand, maintained above-target

Snakk Media is second to list on NXT
Snakk Media became the second firm to list on the NXT market yesterday after the digital advertising company shifted its listing to the new exchange from the NZAX.NXT, targeted at growth businesses in the $10 million to $100 million...

Snakk offer 'a steal', says CEO Mark Ryan
Snakk Media chief executive Mark Ryan has described the price of the company's capital raising as "a steal".

Snakk plans $2m capital raising and NXT move
Mobile advertisement developer Snakk Media plans to tap investors for $2 million and shift over to the fledgling NXT market from the NZAX.The capital raising is expected within the next month, with the offer available to all New...

No morsels for creditors of Snakk Media say liquidators
A stock exchange listing may be one asset of value at liquidated Snakk Media.

Snakk's CEO departs after first creditors' meeting
Snakk Media’s chief executive Joel Williams has ceased his employment with the company, it advised in a one-sentence statement late Friday

Snakk narrows annual loss as South East Asia sales more than double
Snakk Media, which aggregates publishers' advertising space on mobile devices and matches it to demand, narrowed its annual loss while more than doubling sales in South East Asia, which now eclipse revenue in New Zealand

Snakk Media loses $215,000 after being sucked in by online scam
High-tech listed company Snakk Media has been sucked in by an online scam.

Snakk Media falls victim to online scam
Snakk Media, the NXT-listed mobile advertising company, says it has become the victim of an online scam that could cost as much as $215,000.In a statement to the NZX, Snakk said the loss won't affect its ongoing operations or its...

Snakk puts greater emphasis on South East Asia as 3Q revenue grows 8%
Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertiser demand, generated more sales in its targeted market of South East Asia, helping lift revenue 8 percent in the third quarter

Snakk narrows first-half loss, fattening margins on rising revenue
Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertisers’ demand, narrowed its first-half loss as it fattened margins on increased revenue, led by faster growth in southeast Asia

Snakk Media posts first positive quarterly earnings as sales rise 13%
Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, posted its maiden quarterly earnings result as sales rose 13 percent

Snakk raising $2.3 million ahead of shift to NXT board

Snakk Media to raise up to $2.3M selling shares at discount to fund growth
Snakk Media, the mobile advertisement developer, plans to raise up to $2.3 million selling shares at a discount to fund its growth plans and affirmed its intention to move its stock to the fledgling NXT market from the NZAX