XRG Secures $2M via Successful Placement

• Raised $2 million via placement to institutional and sophisticated investors
• Issued 80 million shares at $0.025 per share, representing a 17% discount to 30-day VWAP
• Funds to support commercial expansion of Operator XR, the company's flagship virtual reality training platform

xReality Group Limited (ASX:XRG) has announced that it has successfully raised $2 million via a placement to institutional and sophisticated investors. Under the placement, the company will issue 80 million fully paid ordinary shares at an issue price of $0.025 (2.5 cents) per share, representing a 17% discount to the 30-day VWAP. The funds raised will be used to support the continued commercial expansion of Operator XR, the company's flagship virtual reality training platform, with a focus on scaling opportunities in key international law enforcement and military markets. The shares will be issued pursuant to the company's existing placement capacity under ASX Listing Rule 7.1, and no shareholder approval is required. Settlement of the placement is expected to occur on 30 June 2025, with the new shares expected to be issued and commence trading on 1 July 2025. xReality Group welcomes its new institutional shareholders to the register and values their support as the company continues to execute its growth strategy.