Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Kremlin warns it ‘could end badly for everyone’...
GOP lawmaker pushes bill to punish cities that...
Israeli hostages reunited with families in emotional moments
Johnson warns US ‘barreling toward one of the...
Trump credits Iran nuclear strikes for kickstarting Israel-Hamas...
Senate set for new vote to end shutdown,...
Couple separated, kidnapped during Oct 7 Hamas attack...
Fetterman marks release of last living hostages: ‘The...
‘It took 3,000 years’: Trump heralds ‘golden age...
Cities that canceled Columbus Day could lose federal...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Firm Commitments Received for ~$1.5M Placement

by admin July 29, 2024
July 29, 2024
Firm Commitments Received for ~$1.5M Placement

Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company”) is pleased to announce that it has received binding firm commitments from new and existing sophisticated investors to raise $1.518 million through the issue of 46 million new fully paid ordinary shares in the Company (“New Shares”).

Highlights:

Adisyn has received firm commitments to raise ~$1.5m via a share placement of 46 million shares at 3.3c per share.Supported by new and existing sophisticated and strategic investors.Funds raised will be used to accelerate the development of AI1’s managed technology and cybersecurity businesses.In addition, funding will support new technology partnerships including the Collaboration Agreement with 2D Generation, a prominent semiconductor IP business, with the aim of generating next generation solutions.

The placement was undertaken at an issue price of $0.033 per share, which represents a 10% discount to the 15-day VWAP of the closing share price on the last trading day prior to the announcement of the Placement. The New Shares will be issued utilising the Company’s existing placement capacity, with 27,500,000 shares issued pursuant to ASX Listing Rule 7.1 and 18,500,000 shares issues pursuant to Listing Rule 7.1A.

AI1 Managing Director Blake Burton said: ‘We’re delighted with the outcome of the capital raise which will allow AI1 to continue to build its existing underlying business of managed IT and cybersecurity applications for the defence industry supply chain. In addition, this inflow of capital will allow us to commit the required resources and focus on maximising technology partnerships, particularly our collaboration with 2D Generation as we look to identify opportunities that will enhance our current offering to our clients via transformational semiconductor and AI solutions.’

Funds raised will be used towards the development and delivery of solutions for AI1’s managed technology and cybersecurity businesses, along with general working capital. In addition, funding will support new technology partnerships including the Collaboration Agreement with 2D Generation (ASX: 15 July 2024), a prominent semiconductor IP business, with the aim of generating next generation solutions.

Allotment of the New Shares is expected to occur on or about 2 August and will rank pari passu with existing AI1 shares on issue.

Adisyn’s corporate adviser, Sandton Capital Advisory Pty Ltd (Sandton), acted as the Sole Lead Manager and Book Runner on the placement. A Lead Manager Mandate was signed with the Company which entitles Sandton to receive fees as follows; a Lead Manager fee of 2% of all funds raised under the placement, a capital raise fee of 4% of all funds raised under the placement, and the issue of 5 million fully paid ordinary shares in the Company to Sandton and/or its nominees, the issue of which is subject to shareholder approval.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Alvopetro Energy
next post
Kamala Harris made a career of pretending to be marginalized

You may also like

Opawica Explorations

February 16, 2025

ELEMENT79 Announces Revocation of MCTO

March 7, 2025

Ontario Tables Sweeping Bill to Restrict Foreign Access...

May 3, 2025

OPINION — Goldenomics 104: Trump’s Tariffs and Gold

August 23, 2025

Minera Alamos Closes Nevada Mine Acquisition, Expands US...

October 3, 2025

Skyharbour Intersects High-Grade Uranium in Significant 42 m...

June 10, 2025

2025 Crypto Market: Q2 Review and Forecast

July 9, 2025

1911 Gold Corporation Engages Suzette Ramcharan for Investor...

August 15, 2025

Stardust Power Announces Year End 2024 Earnings Release...

March 18, 2025

NextSource Materials

July 26, 2025

Recent Posts

  • Kremlin warns it ‘could end badly for everyone’ if US supplies Ukraine long-range missiles
  • GOP lawmaker pushes bill to punish cities that ditched Columbus Day after Trump proclamation
  • Israeli hostages reunited with families in emotional moments
  • Johnson warns US ‘barreling toward one of the longest shutdowns’ in history
  • Trump credits Iran nuclear strikes for kickstarting Israel-Hamas peace deal

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (938)
    • Investing (3,176)
    • Politics (3,891)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.