Linius Technologies Limited (ASX:LNU) capital raising initiative

Linius Technologies Limited (ASX:LNU) has announced a successful capital raising initiative, securing up to $3 million in funding. The company has received $1.5 million in funding through an equity placement and commitments under a convertible note facility, with an additional $1.5 million standby equity facility. The capital raising, combined with new products, partnerships, and cost reductions, is expected to accelerate Linius' growth towards cashflow break-even in early FY26.

Executive Commentary on Capital Raising Initiative

Linius Non-Executive Chairman, Gerard Bongiorno, expressed delight in the capital raising initiative, emphasizing its significance in allowing the company to focus on executing its business plan towards cashflow breakeven in early FY26. The funding will facilitate accelerated revenue from existing opportunities within global sports federations, broadcasters, and rights holders, as well as accelerated growth enabled by recently announced industry partnerships. Bongiorno highlighted the long-term value of Linius and the support from investors, enabling the company to drive towards cashflow breakeven.

Summary of Capital Raising and Outlook

Linius Technologies Limited (ASX:LNU) has successfully secured up to $3 million in capital raising, which will be utilized to execute the company's go-to-market plan towards cashflow break-even and accelerate near-term revenue growth through further penetration of the US and global sports market. The funding will also support rapid scaling through the execution of key partnerships, including those with Magnifi and Avid. With the introduction of new technology such as Captivate and significant cost reductions, Linius aims to achieve cashflow break-even in early FY26. The company's partnerships with industry leaders and the validation of its solutions in the sports market provide a strong outlook for future growth and revenue generation.