Capital Raising and Debt Conversion

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Stock Thrive Tribe Technologies Ltd (1TT.ASX)
Release Time 14 Aug 2025, 9:12 a.m.
Price Sensitive Yes
 Thrive Tribe Announces Capital Raising and Debt Conversion
Key Points
  • Thrive Tribe receives ~$250,000 in funding commitments from investors
  • 39,544,447 new shares to be issued at $0.006322 per share
  • Funds to be used for general working capital and placement costs
Full Summary

Thrive Tribe Technologies Limited (ASX:1TT) has received firm funding commitments from sophisticated and professional investors totalling ~$250,000. Under the placement, the company will issue 39,544,447 new shares at an issue price of $0.006322 per share, which represents a 20% discount to the last 5-day Volume Weighted Average Price. These placement shares will be issued pursuant to shareholder approval obtained on 16 July 2025. The company intends to apply the funds raised towards general working capital and the costs of the placement. Clee Capital Pty Ltd is acting as the lead manager to the placement and will receive a management fee of 2% and a capital raising fee of 4% of the amount raised. In conjunction with the placement, the company also intends to pay back $96,334.14 worth of unsecured cash loans by issuing 15,237,922 new shares to the nominees of the lenders under the company's ASX Listing Rule 7.1 capacity.