TOTM Technologies Reports Share Proceeds Allocation

Totm Technologies Limited (SG:42F) has released an update.

TOTM Technologies Limited has announced an update on the net proceeds utilization from their November 2022 share subscription, revealing that a substantial portion has been allocated and spent on working capital needs, such as staff costs, professional fees, and administrative expenses. As of the current date, a balance remains for further working capital deployment, and the company will continue to provide periodic updates on the expenditure.

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