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Xamble Group Limited (ASX:XGL)
ALERT: Price-sensitive ASX Announcement for XGL
Current share price for XGL : $0.009 -0.02 (-68.97%)+
Announcement
Release
18 Sep 2025 10:01AM
Price at Release
$0.029
Full Release
Summary
Xamble Group Limited successfully completed a partially underwritten renounceable rights issue, raising approximately A$1.36 million. The offer was well supported by existing CDI holders, and the demand for the Top Up Offer demonstrates strong investor confidence in Xamble's strategic growth. The shortfall was placed by the underwriter with 36 new investors, further bolstering the company's resources for accelerating its growth strategy, particularly in tech innovation and creator-driven commerce.
Key Points
- Rights issue closed fully subscribed, raising A$1.36 million.
- Strong support from existing CDI holders and new investors.
- Shortfall placed with 36 new investors.
- Xamble aims to accelerate growth and tech innovation.
- CEO Jason Thoe expressed confidence in company’s strategy.
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.
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