Entitlement Offer Results

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Stock Thrive Tribe Technologies Ltd (1TT.ASX)
Release Time 19 Dec 2024, 9:31 a.m.
Price Sensitive Yes
 Thrive Tribe Raises $703K in Entitlement Offer
Key Points
  • Company raised approximately $703,000 through a 1:1 non-renounceable pro-rata entitlement offer
  • Funds will be used to accelerate business operations and achieve significant milestones in early 2025
  • Offer saw strong participation, viewed as support for company's operations and future prospects
Full Summary

Thrive Tribe Technologies Limited (ASX:1TT) has announced the successful completion of a 1:1 non-renounceable pro-rata entitlement offer to eligible existing shareholders, raising approximately $703,000. The company views the strong participation in the offer as a sign of support for its operations and future prospects. The funds raised will be used to cover the costs of the offer and provide working capital to accelerate the business operations, with the company aiming to achieve significant operational milestones from this funding in early 2025. Thrive Tribe is a technology company focused on the health and wellness sector, with its Sixty app providing a platform for individuals and businesses to interact and make a positive impact on the community. The company's team comprises experienced thought leaders, investors, industry experts, and passionate people committed to real social impact.

Outlook

The company is now well funded to accelerate its business operations and is looking to achieve significant operational milestones from this funding in early 2025.