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0.6617
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78.00
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2,163.90
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46.11
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109.15
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17,093.50
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39,023.71
(0.66%)
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38,797.51
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7,747.81
(1.02%)
USD/AUD
0.6617
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Bitcoin
71,640.19
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Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
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71,640.19
(-1.56%)
Oil
78.00
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2,163.90
(-0.1%)
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46.11
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109.15
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7,747.81
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0.6617
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39,023.71
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109.15
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17,093.50
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Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
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7,747.81
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USD/AUD
0.6617
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71,640.19
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Oil
78.00
(0.57%)
Gold
2,163.90
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46.11
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Iron Ore
109.15
(1.77%)
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17,093.50
(3.05%)
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39,023.71
(0.66%)
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38,797.51
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7,747.81
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2,163.90
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109.15
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0.6617
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Iron Ore
109.15
(1.77%)
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17,093.50
(3.05%)
Dow Jones
39,023.71
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38,797.51
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FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
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Bitcoin
71,640.19
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Oil
78.00
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Gold
2,163.90
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Lithium
46.11
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Iron Ore
109.15
(1.77%)
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17,093.50
(3.05%)
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39,023.71
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78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)
Hang Seng
17,093.50
(3.05%)
Dow Jones
39,023.71
(0.66%)
Nikkei 225
38,797.51
(-0.06%)
FTSE 100
7,747.81
(1.02%)
USD/AUD
0.6617
(-0.2%)
Bitcoin
71,640.19
(-1.56%)
Oil
78.00
(0.57%)
Gold
2,163.90
(-0.1%)
Lithium
46.11
(4.37%)
Iron Ore
109.15
(1.77%)

Adveritas (ASX:AV1) raises $2.5 million via strongly supported placement

Adveritas Limited (ASX:AV1) Placement Announcement


Adveritas Limited (ASX:AV1) has successfully raised $2.5 million through a share placement, issuing 50,000,000 new fully paid ordinary shares at 5 cents per share. The placement was strongly supported by existing long-term shareholders and new sophisticated and professional investors. The raised capital will be used to focus on achieving profitability, continued global growth, key product enhancements, development of client-driven features, and streamlining the onboarding process for enterprise clients.

Executive Commentary on Placement


Mr Mathew Ratty, Co-founder & CEO, expressed gratitude to long-term shareholders for their support and welcomed new investors. He highlighted the strengthened cash balance, focus on the US gaming and betting market, and commitment to financial discipline to enable Adveritas to continue its growth trajectory. Mr Joshua Lowcock, Non-Executive Chairman, emphasized the requirement for additional cost control and financial discipline measures to drive profitable growth from US-based clients in key strategic verticals.

Summary of Adveritas Placement Announcement


Adveritas Limited (ASX:AV1) has successfully raised $2.5 million through a strongly supported share placement, with the proceeds to be used for sales and marketing initiatives in the USA, key enhancements to the TrafficGuard products, development of new product features, and streamlining onboarding processes for enterprise customers. The placement will support the company's focus on achieving profitability and continued global growth, particularly in the US gaming and betting market. The settlement of the placement is expected to occur in two tranches, with Tranche 1 expected around 15 December 2023 and Tranche 2 in April 2024 following shareholder approval at a meeting in late March 2024.

Sourcehttps://announcements.asx.com.au/asxpdf/20231212/pdf/05yggcscdtwftc.pdf

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