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The latest update is out from DomaCom Ltd. ( (AU:DCL) ).
DomaCom Limited has secured a $2 million investment through a private placement, issuing 142,857,143 fully paid ordinary shares to a new sophisticated investor. This investment, reflecting confidence in DomaCom’s strategy and growth potential, will see the new investor holding a 19.5% interest in the company. The funds will be used to pay outstanding debt and for working capital, strengthening DomaCom’s balance sheet. Additionally, unlisted options will be issued to the new investor, subject to shareholder approval, allowing further capital injection to support the company’s expansion and operational development.
More about DomaCom Ltd.
DomaCom Limited (ASX:DCL) operates an innovative managed investments platform that caters to a diverse range of assets in both wholesale and retail markets. The platform provides investors and financial advisers with easy access, reporting, and transparency, offering comparatively lower minimum investments and competitive costs. Known for its innovative structures, DomaCom enables portfolio diversification across unique assets such as agriculture, energy, securities, and properties, establishing itself as a leader in the Australian financial sector.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.79M
See more insights into DCL stock on TipRanks’ Stock Analysis page.