Overview of Adslot's non-renounceable entitlement offer

Adslot Limited (ASX: $ADS) has announced a non-renounceable entitlement offer to raise approximately $2.4 million. The offer involves the issuance of 3 new shares for every 4 existing shares at A$0.001 per new share. The Retail Entitlement Offer opens on Monday 24 June 2024 and closes at 5.00pm (Melbourne time) on Monday 8 July 2024. The purpose of the offer is to raise funds for continued investment in key commercial projects, ongoing investment in the development and activation of the strategic Br1dge project, strengthening the company's balance sheet, and working capital. The offer is non-renounceable and is open to eligible retail shareholders in Australia or New Zealand.

Executive Commentary on Adslot's Entitlement Offer

The company is pleased to announce the non-renounceable entitlement offer, which will provide the necessary funds for our ongoing investment in product development, activation resources, and sales efforts. This strategic move aligns with our commitment to strengthening our balance sheet and pursuing key commercial projects. We encourage eligible shareholders to carefully review the offer document and consider their options before making any decisions.

Summary of Adslot's Entitlement Offer

Adslot Limited (ASX: $ADS) has initiated a non-renounceable entitlement offer to raise approximately $2.4 million. The funds raised will be utilized for continued investment in product development, activation resources, sales efforts, and working capital. The offer is open to eligible retail shareholders in Australia or New Zealand and involves the issuance of 3 new shares for every 4 existing shares at A$0.001 per new share. Shareholders are advised to carefully review the offer document, consider the associated risks, and seek professional advice before participating. The company's ambitions include strengthening its balance sheet, pursuing key commercial projects, and maintaining regular reporting and disclosure obligations.