Key points
- Thrive Tribe Technologies completed a capital raise of $500,000
- Placement of 500,000,000 shares at $0.001 each
- Funds will be used for working capital and placement costs
- Shareholder approval obtained at the Extraordinary General Meeting
Full summary
Thrive Tribe Technologies Limited (ASX:1TT) has successfully completed a placement of 500,000,000 ordinary shares at an issue price of $0.001, raising a total of $500,000 from sophisticated and professional investors. The Placement Shares were issued pursuant to the shareholder approval obtained under Resolution 2 at the Company's Extraordinary General Meeting held on 24 July 2026. The Company intends to apply the funds raised towards general working capital and the costs of the Placement. Thrive Tribe Technologies is focused on building a connected world of thriving individuals and businesses committed to health and wellness, leveraging its core technology platform, Kumu, to empower creators and businesses through data-driven insights and engagement tools.