Placement to Institutional Investors

• Raised A$16 million through a fully underwritten placement
• Placement priced at A$0.22 per share, a 2.7% premium to 5-day VWAP
• Proceeds to fund acquisition of Nexvia, organic growth initiatives, and working capital

Felix Group Holdings Ltd (ASX: FLX) has announced that it has received firm commitments from sophisticated professional investors to raise A$16.0 million (before costs) through a fully underwritten two-tranche institutional placement. The placement was conducted at A$0.22 per share, representing a 2.7% premium to the 5-day volume-weighted average price (VWAP) of A$0.214. The proceeds from the placement will be used to fund the acquisition of 100% of the issued share capital in Nexvia Pty Ltd, drive organic growth initiatives including platform development and sales & marketing, and provide working capital and transaction costs. The placement will be structured in two tranches, with the first tranche raising A$5.4 million and the second tranche of A$10.6 million subject to shareholder approval. Participants in the placement will also receive five free attaching options for every seven new shares allocated, exercisable at A$0.31 and expiring five years from the date of issue, subject to shareholder approval. Felix also announced a share purchase plan to raise up to a further A$1.0 million from existing eligible shareholders.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.

The company has not provided any specific forward-looking outlook statements.