Dotz Nano private placement offering announcement

Dotz Nano Limited (ASX: $DTZ) has secured binding commitments from existing and new institutional and sophisticated investors to raise A$2.235 million through a private placement of 22,350,000 new fully paid ordinary shares at A$0.10 per share. Participants in the Placement are also entitled to subscribe for one free unlisted option for every one new share subscribed. The settlement of the Placement is expected to occur on 1 August 2024, with the new shares anticipated to be allotted and commence trading on or around 5 August 2024.

Executive commentary on private placement offering

CEO Sharon Malka expressed gratitude to existing shareholders for their continued support and welcomed new investors. Malka highlighted the strategic value of DotzEarth technology and the Company's dedication to advancing its development. She also mentioned plans to meet with investors and potential partners in the third quarter of the year to provide updates on the progress.

Summary of Dotz Nano's private placement offering

Dotz Nano Limited (ASX: $DTZ) has successfully secured A$2.235 million through a private placement, with both existing and new investors participating. The Placement, comprising 22,350,000 new fully paid ordinary shares at A$0.10 per share, is set to provide additional capital for the Company's ongoing initiatives. The CEO's positive outlook on the strategic value of DotzEarth technology and the upcoming meetings with investors and potential partners in the third quarter of the year indicate a proactive approach towards advancing the Company's objectives.