• Firm commitments received to raise $8.45 million via placement
• Placement completed at 10c per share, a 23% discount to last closing price
• Funds to progress drone, defence, space and data centre strategies
• Strong support from global and local institutions, strategic investors, and family offices
• SiNTL technology offers potential advantages for drone, UAV, aerospace, satellite and defence end users

1414 Degrees Ltd (ASX: 14D) has successfully secured firm commitments to raise $8.45 million (before costs) via a placement to sophisticated, professional, and institutional investors, including Tribeca Investment Partners. The placement was strongly supported by global and local institutions, strategic investors, family offices, UHNW investors, HNW investors, and existing shareholders. The funds raised will support the company's drone, defence, and aviation transaction with Energia 2000, its space and satellite transaction with Orbit Boy, and other potential opportunities in the defence, drone, satellite, aviation, robotics, and autonomous sector. The placement was completed at 10c per share, representing a 23% discount to the last closing price, a 14% premium to the 30-day VWAP, and a 1.4% premium to the 5-day VWAP. The company is also exploring new opportunities in these and other sectors and is poised to benefit from Australia's fast-growing data centre boom.

The company is actively exploring new opportunities in the defence, drone, satellite, aviation, robotics, and autonomous sectors and looks forward to updating the market on progress in the near term.