Lateral looking at strategic Thred stake

Thred Limited , developer of a unified social messaging and social e-commerce platform, is in talks regarding a strategic stake by Lateral Pty Ltd, an established Australian custom software development company it has been working with since August 2016. Thred said the intended investment by Lateral is initially expected to be up to $400,000 and would be made through participation in the current capital raising, where Thred is looking to raise $3.1 million via a 1 for 5 rights issue.