Strategic Share Placement
| Stock | Jcurve Solutions Ltd (JCS.ASX) |
|---|---|
| Release Time | 28 Jul 2025, 8:25 a.m. |
| Price Sensitive | Yes |
Jcurve Solutions Announces Strategic Share Placement
- $1 million raised through private placement of 20 million shares at $0.05 per share
- 66.67% premium to last traded price
- Accompanied by 13.3 million options at $0.075 exercise price, expiring July 2026
- New investor Adam Riches, CEO of Netgain Solutions, to join board as non-executive director
Jcurve Solutions Limited (ASX: JCS) has announced a strategic private placement of 20,000,000 ordinary shares at a price of $0.05 (5.0 cents) per share, raising $1,000,000. The placement was made to Mr Adam Riches, the CEO and founder of Netgain Solutions, Inc., a Colorado-based investor. The placement represents a 66.67% premium to the last traded price of $0.0300 per share on 25 July 2025. The placement is accompanied by 13,333,333 options at an exercise price of $0.075 (7.5 cents) with an expiry date of 18 July 2026. Under the terms of the placement, Mr Riches has the right to appoint a nominee director to Jcurve's board, and the company expects to appoint Mr Chris Miller as a non-executive director. The proceeds from the placement will enable Jcurve to accelerate its Annual Contract Value (ACV) sales growth for its entire product portfolio and provide a boost to its customer success and product teams. Jcurve's CEO, Chris King, and Chair, Mark Jobling, both expressed their enthusiasm for the strategic placement, highlighting the value it brings in terms of a high-caliber investor and a nominee board member with deep industry expertise.