InvestSMART

Zimi Limited (ASX:ZMM)

ALERT: Price-sensitive ASX Announcement for ZMM
Current share price for ZMM : $0.003 -0.007 (-70%)+
Announcement
Release
22 Jul 2025 8:16AM
Price at Release
$0.010
Full Release
download
Summary
Zimi Limited (ASX: ZMM) announced a capital raising update, detailing a successful placement to raise approximately $1.32 million from sophisticated and professional investors. The funds will be used to strengthen the company’s balance sheet, fund working capital requirements, and support ongoing growth initiatives. The announcement provides information about the placement structure, issue price, use of proceeds, and the anticipated timeline for the allotment and quotation of new shares. The update also references the company's recent progress and the Board’s strategies to enhance shareholder value.
Key Points
  • Zimi Limited completed a placement to raise approximately $1.32 million.
  • The placement was supported by sophisticated and professional investors.
  • Funds will be used for working capital and to support company growth.
  • The issue price for the new shares was set at $0.014 per share.
  • New shares are expected to be allotted and quoted on 6 December 2023.
  • The Board aims to strengthen the company’s balance sheet and drive value for shareholders.
  • The company provided an update on its ongoing business and capital management strategies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.