Daktronics, Inc. Strengthens Financial Position By Securing $100 Million In Capital Commitments
Amount Raised
$100 Million
Round Type
Funding Round
BrookingsManufacturingE CommerceDescription
Daktronics, Inc. (NASDAQ-DAKT) (the “Company” or “Daktronics”) today announced it has enhanced its financial position by closing on a new 3-year $75 million senior secured credit facility (the “New Senior Debt Facility”) with JPMorgan Chase (“JPMorgan Chase”) maturing on May 11, 2026. In addition, Daktronics announced it has closed a $25 million convertible debt financing agreement (the “Junior Capital Financing”) with major shareholder Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox”). Daktronics’ Board of Directors (the “Board”) believes the completion of these transactions provides the Company with the working capital and liquidity needed to continue executing its business plan and growth strategy.
Quick answer
Daktronics raised $100 Million in a Funding Round round, dated May 11, 2023. Daktronics is based in Brookings, South Dakota, United States.
- How much did Daktronics raise?
- Daktronics raised $100 Million in a Funding Round round on May 11, 2023.
- What does Daktronics do?
- Daktronics helps its customers to impact their audiences throughout the world with large-format LED video displays, message displays, scoreboards, digital billboards, audio systems and control systems in sport, business..
- Where is Daktronics based and how big is it?
- Daktronics is based in Brookings, South Dakota, United States. Fundz records about 2,412 employees.
- Who are the decision-makers at Daktronics?
- Fundz holds 1 contact at Daktronics, including the Lead Independent Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Manufacturing around the same time
Companies in the same sectors as Daktronics that raised within 45 days of this round, from Fundz verified event records.
- Replique GmbH raised an undisclosed amount (Funding Round) on June 15, 2023.
- Zyod raised $3.5M (Seed) on April 4, 2023.
- Swave raised $11M (Seed) on June 22, 2023.
- Kubik raised $3.3M (Seed) on June 22, 2023.
- Look Up raised $15M (Seed) on June 22, 2023.
- ATMOS Space Cargo raised $4.4M (Seed) on June 22, 2023.
Who to call at Daktronics, and when
A new round usually means Daktronics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Daktronics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Daktronics, from your own LinkedIn network
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Related People
Daktronics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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