• Firm commitments to raise $500,000 through placement
• Additional $27,375 raised through cancellation of ATM facility
• Faldi Ismail appointed as new Non-Executive Chairman

Simble Solutions Limited (ASX:SIS), an energy and sustainability software company, has announced that it has received firm commitments to raise approximately $500,000 under a placement to sophisticated and professional investors. The company also raised an additional $27,375 through the cancellation of its At-The-Market Facility. The funds raised will enable the company to progress and grow its global energy and sustainability software solutions business, including its CarbonView and SimbleSense platforms. The company also intends to hold a portion of the funds raised in Bittensor (TAO), a decentralized AI network, to generate staking rewards. Simble has also announced the appointment of Faldi Ismail as the new Non-Executive Chairman, with existing Chairman Steve Thornhill transitioning to a Non-Executive Director role. Mr. Ismail is a seasoned corporate advisor and entrepreneur with over 20 years of experience in capital markets, specializing in identifying, structuring, and financing emerging growth companies. As part of his remuneration, the company will issue Mr. Ismail or his nominees 30 million options, subject to shareholder approval. The placement shares will be issued at $0.0025 per share, a 17% discount to the last traded price, with Kaai Capital and Prenzler Group acting as joint lead managers. The company will also issue 150 million options to the joint lead managers, subject to shareholder approval, with vesting conditions tied to the company's VWAP.