• Oversubscribed placement reflecting strong demand
• Directors subscribed, demonstrating confidence in strategy
• Funds to accelerate platform commercialisation and growth

Hiremii Ltd (ASX:HMI) has announced that it has received firm commitments from professional and sophisticated investors to raise $650,000 (before costs) through a strategic placement. The placement was oversubscribed, reflecting strong demand from both existing shareholders and new investors. Hiremii's directors, including the Managing Director Andrew Hornby, Mr Conor O'Brien, and Ms Sophie Chen, have also subscribed for a total of 1,785,714 Placement Shares and 1,785,714 Placement Options, demonstrating their confidence in the company's strategy and further aligning their interests with shareholders. The funds raised will be used to accelerate the commercialisation of the Hiremii platform, advance customer-driven enhancements and AI-led optimisation initiatives, and pursue strategic acquisition opportunities to strengthen the company's market position. The funds will also support general working capital requirements as the company moves through this next phase of growth. Hiremii's Managing Director, Andrew Hornby, expressed delight with the strong support received for the capital raise and acknowledged the efforts of the joint lead managers, Mr Lincoln Liu and his Bay Financial team, and Sequoia Corporate Finance.

The funds secured through this placement will allow Hiremii to invest in commercialising its exciting AI-driven technology platform and scaling its recruitment capability.