Details of YPB Group's funding announcement

YPB Group Limited (ASX: $YPB) has utilized its At-The-Market (ATM) Subscription facility with Dolphin Corporate Investments to raise $33,075 by issuing 17,500,000 fully paid ordinary YPB shares at an issue price of $0.00189 per share. The issue price represents a discount of 5.6% to the 15 day VWAP $0.002 to 30 April 2024. Settlement is expected to occur today, 1 May 2024.

Executive commentary on the funding announcement

The funding received from Dolphin Corporate Investments through the At-The-Market Subscription facility will provide YPB Group with the necessary capital to support our ongoing initiatives and further develop our suite of physical, digital, and AI-based authentication technologies. This funding will enable us to continue targeting the rapidly growing markets for our authentication and consumer engagement solutions, positioning us for significant growth opportunities in the future.

Summary of YPB Group's funding announcement

YPB Group Limited (ASX: $YPB) has successfully secured funding of $33,075 from Dolphin Corporate Investments through its At-The-Market (ATM) Subscription facility. The issuance of 17,500,000 fully paid ordinary YPB shares at a discounted price of $0.00189 per share will provide the company with the necessary capital to support its suite of authentication technologies and target the rapidly growing markets for its solutions. This funding positions YPB Group for significant growth opportunities in the future, allowing the company to continue establishing digital and direct marketing channels with its customers.