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InFocus Group Secures Additional Financing for Tech Expansion

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InFocus Group Secures Additional Financing for Tech Expansion

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Frugl Group Limited ( (AU:IFG) ) has shared an update.

InFocus Group Holdings Limited has extended its Convertible Note financing facility with Obsidian Global GP LLC, allowing for an additional AUD 450,000 to be drawn, with AUD 200,000 available immediately. This financing will support the company’s expansion in frontier technologies such as digital assets, big data, AI, and machine learning, enhancing its industry positioning and operational capabilities.

More about Frugl Group Limited

InFocus Group Holdings Limited (IFG) is a data intelligence and software solutions company with expertise in data analytics, software and platform development. It operates four business units: InFocus Analytics, the Frugl Grocery app, and software development consultancies Onify and Prodigy9, offering capabilities in data analytics, business intelligence, cybersecurity, artificial intelligence, machine learning, and team augmentation.

Average Trading Volume: 5,797,824

Technical Sentiment Signal: Sell

Current Market Cap: A$5.24M

See more data about IFG stock on TipRanks’ Stock Analysis page.

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