DomaCom completes $1.5m raise

DomaCom completes $1.5m raise

Sarah Simpkins
— 1 minute read

Property investment platform DomaCom has completed a capital raise to fund its expansion, gaining $1.5 million and now “poised” to commercialise the business.

Ord Minnett has been assigned lead broker over the raise, receiving binding commitments via a share placement to professional and sophisticated investors.

A total of 16,666,667 ordinary shares will be issued at a price of 9 cents a share.  

Advertisement
Advertisement

The funds raised will also be used to build its platform, the company said, as well as its general working capital requirements.

“After seven years and around $35 million in capital, the company has completed all product development and is now poised to commercialise the business,” Arthur Naoumidis, chief executive of DomaCom, said.

“It is pleasing to have received the support of existing and new shareholders at this pivotal time in our history and I now look forward to focusing on growing our business.”

Settlement and issue of shares will occur on 24 June. 

 

DomaCom completes $1.5m raise
investordaily image
ID logo

related articles

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.