Thrive Tribe Technologies Limited Announces Successful Capital Raise
THRIVE TRIBE TECHNOLOGIES LIMITED (1TT) Share Update November 2024 Monday 18th
Thrive Tribe Technologies Secures $183,500 in Capital Raise
Thrive Tribe Technologies Limited (ASX:1TT) has announced a successful capital raise, securing $183,500 from sophisticated and professional investors to support its working capital needs.
Instant Summary:
- Thrive Tribe Technologies raises $183,500 through a new share placement.
- 91,740,000 new shares issued at $0.002 per share.
- Funds to be used for working capital.
- Clee Capital Pty Ltd appointed as lead manager for the placement.
Capital Raise Details
Thrive Tribe Technologies Limited, a company dedicated to creating a connected world of thriving humans, has successfully raised $183,500 through a new share placement. The company issued 91,740,000 new shares at an issue price of $0.002 per share. This capital raise aims to bolster the company's working capital, allowing it to continue its mission of inspiring healthy and happy individuals and communities.
The placement was managed by Clee Capital Pty Ltd, which has been appointed as the lead manager. Clee Capital will receive a fee of 6% of all funds raised under the placement, excluding GST. The company utilized its 7.1 Placement Capacity to issue the new shares, a strategic move to enhance its financial flexibility and operational capacity.
Company Vision and Future Plans
Thrive Tribe Technologies is not just about financial growth; it is about making a positive impact on society. The company aims to create a community where individuals can interact with and be inspired by trailblazing businesses and thought leaders. Their health and wellness app, Sixty, serves as a platform to achieve these goals, partnering with change-makers to build a better future.
With a team of experienced thought leaders, investors, and industry experts, Thrive Tribe is committed to real social impact. The capital raised will support these initiatives, ensuring the company can continue to innovate and inspire.
The successful capital raise is a positive development for Thrive Tribe Technologies, providing the necessary funds to support its operational needs. This move is likely to enhance investor confidence in the company's ability to execute its strategic plans. However, the issuance of new shares may lead to some dilution of existing shares, which could impact short-term stock performance.
Investor Reaction:
Analysts are likely to view the capital raise as a positive step for Thrive Tribe Technologies, as it provides the company with the financial resources needed to pursue its goals. The involvement of sophisticated and professional investors also suggests confidence in the company's future prospects.
Conclusion:
Thrive Tribe Technologies' successful capital raise marks a significant step in its growth journey. Investors should keep an eye on how the company utilizes these funds to drive its mission forward. The focus on social impact and community building sets Thrive Tribe apart, making it a company to watch in the coming months.