DomaCom's refinancing and repayment of Convertible Notes

DomaCom Limited (ASX: $DCL) has successfully secured $2.5 million in refinancing through a $1.5 million drawdown of a $3 million facility loan and a $1.0 million Private Placement. Additionally, the company has repaid $2.40 million of the Secured Convertible Notes, demonstrating its commitment to financial stability and growth.

Executive commentary on the funding and strategic evaluation

DomaCom Chairman John Hewson expressed satisfaction with the refinancing, stating, 'We are pleased that we have carried out the refinancing. We look forward to investigating a possible relationship with Bricklet as set out in the ASX Announcement on 31 January 2024.' Bricklet Chairman Giuseppe Porcelli also commented, 'We are delighted to support DomaCom via this funding arrangement. We look forward to exploring a partnership between DomaCom and Bricklet, which supports the growth of our businesses and helps more Australians gain access to property co-ownership and fractional investing of assets.'

Summary of DomaCom's recent developments and outlook

DomaCom (ASX: $DCL) has successfully secured $2.5 million in refinancing and repaid a significant portion of the Secured Convertible Notes, showcasing its commitment to financial stability and growth. The company is also evaluating a potential strategic acquisition with Bricklet, indicating its focus on expansion and partnership opportunities. Furthermore, DomaCom's agreement to place the Pialligo Estate into a DomaCom Sub-Fund demonstrates its proactive approach to diversifying its asset portfolio. With a strong emphasis on innovative managed investments and making portfolio diversification a reality for investors, DomaCom is poised for continued growth and strategic collaborations in the future.