DomaCom's Quarterly Cash Flow Report for the Quarter Ended 31 December 2023

DomaCom Limited (ASX: $DCL) has released its Quarterly Cash Flow Report for the quarter ended 31 December 2023. The report outlines the company's recent financing activities, including the issuance of secured and unsecured convertible notes, as well as short-term unsecured loans. The report also provides insights into the company's cash position and its plans for future funding.

Executive Commentary on Financing Activities

As announced on 10 October 2023, DomaCom has undertaken a capital raise to secure up to $6 million through the issuance of convertible notes. The company has successfully completed Tranche 1 and is currently in the process of raising up to $4 million through Tranche 2. Additionally, on 31 January 2024, DomaCom entered into a conditional loan agreement for $3 million and a subscription agreement for $1 million through a Private Placement. Philip Chard, Chief Financial Officer and Company Secretary, stated, 'DomaCom expects to be able to continue its operations and meet its business objectives. The recent capital raises will provide a stable financial position, allowing the business to continue its growth.'

Summary of Quarterly Cash Flow Report and Future Funding Plans

DomaCom Limited's Quarterly Cash Flow Report for the quarter ended 31 December 2023 highlights the company's successful fundraising activities, including the issuance of secured and unsecured convertible notes, as well as short-term unsecured loans. The company's plans for future funding involve completing Tranche 2 of the convertible notes issuance, securing a conditional loan of $3 million, and a subscription agreement for $1 million through a Private Placement. With these initiatives, DomaCom aims to maintain its operations, meet its business objectives, and continue its growth trajectory.