Thrive Tribe Technologies secures substantial funds

Thrive Tribe Technologies (ASX:1TT) has successfully raised approximately $703,000 via a 1:1 non-renounceable pro-rata entitlement offer. The funds will be used to support the company's technology platforms and services in the health and wellness sector.

Thrive Tribe Technologies' strategic financial initiative

Thrive Tribe Technologies has raised $703,000 through an entitlement offer, reflecting strong shareholder confidence. The funds are earmarked for covering offer costs and providing working capital to enhance Kumu and other platforms in the health and wellness sector. The company aims to accelerate operations and achieve significant milestones by early 2025. Thrive Tribe is dedicated to creating a connected world inspired by impact-driven business models, focusing on the health and wellness sector while supporting small, purpose-led businesses. The Board has approved the announcement, marking a pivotal step towards aligning financial resources with strategic goals.

Executive commentary on entitlement offer success

We are heartened by the strong support from our shareholders. The funds raised will be instrumental in advancing our operations and achieving key milestones. Our focus remains on fostering innovation and growth within the health and wellness industry.