Simble Solutions capital raising details

Simble Solutions (ASX:SIS), a leader in sustainability solutions, has successfully raised approximately $298,367 through an equity capital placement. The placement involved issuing 82,879,584 fully paid ordinary shares at a price of $0.0036 each. This funding was secured with a professional and sophisticated investor.

Simble Solutions strategic funding initiative

Simble Solutions Limited has undertaken a strategic move to raise approximately $298,367 through an equity placement to strengthen its financial position. The placement is priced at $0.0036 per share, slightly below the recent closing price but above the 15-day VWAP. The issuance includes both ordinary shares and options, the latter requiring shareholder approval. The capital raised will support Simble's operational needs, aligning with its commitment to delivering sustainability solutions globally. Simble Solutions continues to focus on providing innovative products for carbon reporting and energy management, reflecting its dedication to sustainability and energy efficiency advancements.

Executive insights on equity placement

The funds raised will be used for working capital purposes.