Failed logistics startup GetSwift’s cofounders, Bane Hunter and Joel Macdonald, have been banned from being company directors in Canada for life. The bans come four years after the pair moved to North America as their ASX-listed business disintegrated amid legal action and relisted in British Columbia. The BC Securities Commission (BCSC) last month placed permanent… Read more »
Joel Macdonald’s been busy resetting his thinking in the last few years after the cofounder of Getswift was banned by the Federal Court from running companies in Australia for 12 years. He’s been in therapy, busy journaling, writing affirmations on glass walls in an apartment, taking psychedelics, including ayahuasca and mushrooms, and the former CEO… Read more »
GetSwift CEO Bane Hunter fined $2m, banned from managing companies for 15 years MD and cofounder Joel Macdonald fined $1m, banned for 12 years Company fined $15m Judge says pair show no contrition or remorse GetSwift raised $104m, investors receive 1c in $1 in class action The founders of former ASX-listed logistics tech startup GetSwift,… Read more »
Former ASX-listed logistics tech company GetSwift has placed its Australian arm in the hands of liquidators, while the publicly listed parent business, GetSwift Technologies, has been suspended from Canada’s NEO Exchange after filing for Chapter 11 bankruptcy protection in the US. The company’s Australian subsidiary, GetSwift Ltd, was placed into liquidation on July 29 with… Read more »
Welcome to Wednesday Don’t forget to tune into the Startup Daily show on the business TV streaming channel ausbiz.com.au every weekday, 2-3pm, where we talk to startup founders, investors and innovators about everything tech. If you’ve missed an episode, you can catch up on the ausbiz site here. 1. EU v Apple on competition The EU’s competition watchdog has some… Read more »
A member of staff at logistics technology company GetSwift (ASX: GSW) has died from COVID-19, the New York headquartered, ASX-listed startup said. CEO Bane Hunter wrote to colleagues and shareholders today saying they are devastated and saddened at the news. Hunter said they would not release the name of the person, believed to be in… Read more »
Joel MacDonald has stepped down as GetSwift CEO and chairman Bane Hunter has taken on the role as “part of [GetSwift’s] ongoing program to continually develop its governance practices as it grows”.
With its shares last valued at $2.92 on January 22 before suspension, GetSwift is currently trading at $1.24 after a market update.
With shares priced at $0.45 per share, LiveTiles is also set to launch a Share Purchase Plan to raise an additional $3 million from existing eligible shareholders.
GetSwift has suspended trading as it prepares responses to an AFR report that questioned details around contracts and revenue figures.
Melbourne logistics company GetSwift, which raised $5 million through an ASX listing last December, has raised $24 million from a collection of US-based and local investors.
This will allow any vendor using the point-of-sale system to essentially become a delivery-ready store, with GetSwift automatically queueing, batching, routing, and dispatching the delivery of any products purchased through an Albert POS.
Fresh from its debut on the ASX last month, logistics software company GetSwift has announced the appointment of Jamila Gordon, a non-executive director, to the role of Global Chief Information Officer.
After 18 months in New York, logistics software startup GetSwift is heading back home to open its global HQ in Melbourne ahead of an ASX listing next month.
Moving to the US? You can head to Silicon Valley, or you can follow GetSwift’s route and head to the Big Apple, the undisputed epicentre of business in the US.
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