• Tinybeans completed its Entitlement Offer, raising $1.1M from eligible shareholders
• $500K of the $2.4M shortfall was placed under a partial underwriting arrangement
• Funds will be used to support working capital and growth initiatives, including Qeepsake integration

Tinybeans Group Limited (ASX: TNY) has announced the completion of its Entitlement Offer. The Entitlement Offer, which was a 1-for-4.7 pro rata non-renounceable entitlement offer at $0.10 per new share, successfully raised approximately $1.1 million from eligible shareholders. Of the total $3.5 million in new shares offered, $1.1 million was raised, leaving a shortfall of $2.4 million. Morgans Corporate Limited had agreed to partially underwrite the Entitlement Offer up to $500,000, which was then sub-underwritten by the Thorney Investment Group, Tinybeans' largest shareholder. As a result, a total of $1.7 million was raised under the Entitlement Offer, leaving a residual shortfall of $1.8 million that is expected to be placed within three months following the close of the Entitlement Offer. The funds raised will be used by Tinybeans to provide management with added flexibility to support working capital and growth initiatives, including the integration of the Qeepsake journaling features and subscriber base into the Tinybeans platform.