Bridge SaaS Limited (ASX:BGE) has received firm commitments from sophisticated and professional investors totaling $388,000 through a placement. The placement will involve the issuance of 36,603,774 new shares at an issue price of $0.0106 per share, without requiring shareholder approval.
The funds raised from the placement will be utilized for working capital and expenses. We are pleased with the support received from the investors, which reflects confidence in our company's growth and potential.
Bridge SaaS Limited (ASX:BGE) has successfully secured a placement of $388,000 from sophisticated and professional investors. The placement involves the issuance of 36,603,774 new shares at an issue price of $0.0106 per share. The funds raised will be directed towards working capital and expenses. This placement reflects investor confidence in the company's future prospects and its ability to execute its strategic initiatives.