CVB Secures 5M Placement & Announces SPP
| Stock | Curvebeam Ai Ltd (CVB.ASX) |
|---|---|
| Release Time | 8 Jul 2026, 9:29 a.m. |
| Price Sensitive | Yes |
Curvebeam AI Secures $5M Placement and Announces SPP
- $5M Placement secured at A$0.02 per share
- $1M Share Purchase Plan for eligible shareholders
- Director Arun Singh advances $2.05M to the company
CurveBeam AI Limited (ASX: CVB) has executed subscription agreements for a non-underwritten placement to raise $5 million, subject to shareholder approval. The Placement comprises the issue of approximately 250,000,000 new fully paid ordinary shares at a price of A$0.02 per share. Additionally, the company announced a Share Purchase Plan targeting up to A$1 million, offering eligible shareholders the opportunity to purchase new shares at A$0.018 per share. The net proceeds will be used for sales and marketing, R&D, supply chain, and working capital, with a focus on the China market launch.
Net proceeds to fund Sales & Marketing, R&D, Supply Chain, with a particular focus on the China market launch, along with offer costs and working capital
The company believes that securing this capital will bridge the business to the targeted NMPA clearance in H1 FY27, which has the potential to be a significant value and cashflow inflection point.