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Felix Group Holdings Ltd. ( (AU:FLX) ) has issued an announcement.
Felix Group Holdings Ltd has successfully completed a fully underwritten A$16 million institutional placement, reflecting strong investor demand with a 2.7% premium on shares. The funds will be used for the acquisition of Nexvia Pty Ltd, organic growth initiatives, and working capital. The placement is structured in two tranches, with the first raising A$5.4 million and the second A$10.6 million, subject to shareholder approval. Additionally, a Share Purchase Plan aims to raise up to A$1 million from existing shareholders.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd operates a cloud-based enterprise Software as a Service (SaaS) procurement management platform and vendor marketplace. The company connects enterprises and third-party vendors by digitizing, automating, and streamlining critical procurement-related business processes, thereby reducing supply chain risk and improving transparency and governance.
Average Trading Volume: 59,014
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$45.19M
Learn more about FLX stock on TipRanks’ Stock Analysis page.