• Flexiroam seeks to raise up to A$3.928 million via a non-renounceable, pro rata Entitlement Offer
• Founder & interim CEO, Jef Ong, proposes to underwrite up to A$1 million of the Entitlement Offer
• Funds to be used for repayment of loan obligations and working capital to support ongoing operations and growth initiatives

Flexiroam Limited (ASX: FRX) is pleased to announce that it is undertaking a non-renounceable, pro-rata entitlement offer of new fully paid ordinary shares (New Shares) to raise up to A$3.928 million (before costs). Under the Entitlement Offer, Eligible Shareholders will be entitled to subscribe on the basis of one (1) New Share for every one (1) fully paid ordinary share held on the Record Date, at an issue price of A$0.005 per New Share. In addition to their entitlements, Eligible Shareholders will also be afforded the opportunity to apply for New Shares for which applications are not received under the Entitlement Offer (Shortfall), at the same issue price. The funds raised under the Entitlement Offer will be used for the repayment of loan obligations and working capital to support the Company's ongoing operations and growth initiatives. Founder and interim CEO, Jef Ong, proposes to partially underwrite the Entitlement Offer for up to A$1 million, provided he does not exceed 19.99% voting power in the Company. The Entitlement Offer is expected to open on 16 January 2025 and close on 30 January 2025.

Flexiroam is committed to enhancing its position in the eSIM travel market, focusing on innovation, customer acquisition, and expanding its market reach. The Company aims to explore new opportunities, introduce innovative solutions, and unlock growth in existing and emerging markets.