• Zoom2u receives binding commitments for $500,000 placement at $0.07 per share
• Every 2 new shares issued with 1 free-attaching option at $0.09, expiring Sep 2026
• Funds to strengthen balance sheet and provide additional working capital for Locate2u business

Zoom2u Technologies Limited (ASX: Z2U) has announced that it has received binding commitments from wholesale investors to subscribe for 7,142,856 ordinary shares at a price of $0.07 per share, raising $500,000 through a placement. The placement price represents a premium of approximately 17% to the last traded share price on 7 March 2025 and is equivalent to the 30-day Volume Weighted Average Price (VWAP) up to that date. Every two new shares issued in the placement will be accompanied by one free-attaching option with an exercise price of $0.09 and an expiry date of 10 September 2026. As part of the placement, Zoom2u's Directors have committed to subscribe for 2,142,856 shares with a value of $150,000, subject to shareholder approval. The funds raised will strengthen the company's balance sheet and be used to provide additional working capital to grow the Locate2u business. Zoom2u's Founder and CEO, Steve Orenstein, stated that the company's sales focus over the last 12-18 months for the Locate2u product has been aimed at securing large Enterprise customers, and the new capital raised will assist in continuing the company's growth and achieving its goal of sustainable profitability.

The funds raised will be used to strengthen Zoom2u's balance sheet and provide additional working capital to grow the Locate2u business. The company will continue to focus on the Enterprise segment for Locate2u while also extending its sales and marketing efforts to target smaller and medium-sized businesses globally.