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Zoom2u Technologies Limited (ASX:Z2U)

ALERT: Price-sensitive ASX Announcement for Z2U
Current share price for Z2U : $0.051 -0.009 (-15%)+
Announcement
Release
11 Mar 2025 8:55AM
Price at Release
$0.060
Full Release
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Summary
Zoom2u Technologies Limited has successfully completed a placement to raise $500,000 through the issuance of 7,142,856 ordinary shares priced at $0.07 each, with each two shares accompanied by one free-attaching option at $0.09, expiring on September 10, 2026. The funds will be utilized to strengthen the company's balance sheet and support the growth of its Locate2u business, which has seen a focus on acquiring large enterprise customers in Australia and plans to expand its marketing efforts globally. The placement also includes a commitment from Zoom2u's Directors to subscribe for shares valued at $150,000, pending shareholder approval.
Key Points
  • Zoom2u Technologies Limited raised $500,000 through a placement.
  • 7,142,856 ordinary shares were issued at $0.07 each.
  • Each two shares come with a free option at $0.09, expiring on September 10, 2026.
  • Funds raised will strengthen the balance sheet and support Locate2u's growth.
  • Directors have committed to subscribe for shares valued at $150,000.
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.