Yojee Limited (ASX: $YOJ) funding announcement

Yojee Limited (ASX: $YOJ) has announced firm commitments to raise approximately $2,548,499 from sophisticated investors. The raise includes $1,548,499 from the Second Placement and a further $1,000,000 placement on the same terms due to strong demand from new and existing investors. The Company will issue 51,616,634 fully paid ordinary shares in the capital of the Company under the Second Placement at $0.03 per Share in accordance with shareholder approval received at a meeting held on 31 January 2024.

Yojee Chair Shannon Robinson's commentary on the funding

We are extremely pleased to have secured this funding given the strong investor interest during this transformational period for the Company. We would like to thank our Lead Manager and all new and existing investors for their support and we look forward to providing on-going updates as we deliver on our strategy in the months ahead.

Summary of Yojee's funding announcement

Yojee Limited (ASX: $YOJ) has successfully secured approximately $2,548,499 from sophisticated investors through firm commitments. The funds raised from the Placement are intended to be applied primarily towards the continued growth and scaling of the Company's enterprise strategy including additional resources in engineering, sales and customer success, as well as ongoing development and expansion of complimentary offerings, new opportunities and general working capital. The Company's Chair, Shannon Robinson, expressed gratitude towards the Lead Manager and investors for their support during this transformational period. Yojee looks forward to providing ongoing updates as they deliver on their strategy in the months ahead.