FOS Capital Completes $1.55m Placement
Key points
- FOS Capital Limited completed a $1.55 million placement.
- Issued 12,916,672 new shares at $0.12 each.
- Directors committed to subscribe for $310,000, pending shareholder approval.
- Funds will support growth initiatives and strengthen balance sheet.
Full summary
FOS Capital Limited (ASX: FOS) has successfully completed a placement to raise $1.55 million, issuing 12,916,672 new fully paid ordinary shares at $0.12 per share. Certain directors have committed to subscribe for New Shares, raising approximately $310,000, pending shareholder approval at the Annual General Meeting. This capital raising is intended to support several growth initiatives, including the Queensland Schools Lighting Upgrade Program and the continued expansion of ATS. The funds will also strengthen the company's balance sheet and provide additional capital to capitalize on growth opportunities.
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