DigitalX Limited (ASX: $DCC) Private Placement Announcement

DigitalX Limited (ASX: $DCC) has successfully completed a private placement, raising $5.3 million from new and existing institutional and sophisticated investors. The placement, initially targeted at $3 million, was heavily oversubscribed due to significant interest, leading to an expansion to $5.3 million at 6.7 cents per share, representing a 19.2% discount to the closing share price on 13 March 2024.

Executive Commentary on Private Placement

DigitalX CEO, Lisa Wade, expressed her satisfaction with the successful capital raise, stating, 'Having completed the share purchase plan in January 2024, where we issued shares at 4.6 cents per share, we are very pleased to raise this additional capital to continue driving our strategy and maintain our place leading the digital asset landscape in Australia. We appreciate the support from existing and new investors and look forward to putting these funds to work for the benefit of all shareholders.'

Summary of DigitalX Private Placement Announcement

DigitalX Limited (ASX: $DCC) has completed a private placement, raising $5.3 million from new and existing institutional and sophisticated investors. The placement, initially targeted at $3 million, was heavily oversubscribed, leading to an expansion to $5.3 million at 6.7 cents per share, representing a 19.2% discount to the closing share price on 13 March 2024. The funds raised are intended for working capital, business expansion, active treasury management, and the purchase of Bitcoin and digital assets. The Company will issue new shares and options, with the new shares expected to be issued on 26 March 2024. The CEO, Lisa Wade, expressed gratitude for the support from investors and emphasized the company's commitment to driving its strategy and maintaining its leading position in the digital asset landscape in Australia.