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Jayride Group Ltd. ( (AU:JAY) ) has provided an update.
Jayride Group Ltd. has successfully raised $735,000 through a share placement, adding to the $200,000 from convertible notes, totaling $935,000 in new capital. This funding will support the company’s financial review, creditor restructuring, and the expansion of its SaaS mobility platform. The participation of existing shareholders and the Chair at the pre-suspension price indicates strong confidence in the company’s long-term strategy and growth potential. The capital will also aid in the company’s efforts to reinstate its securities on the ASX, with ongoing collaboration with ASX and advisors to meet reinstatement requirements.
More about Jayride Group Ltd.
Jayride Group Ltd. operates in the mobility industry, offering a SaaS platform that facilitates transportation services. The company focuses on expanding its platform in regions such as Australia, Malaysia, and Thailand.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.69M
For an in-depth examination of JAY stock, go to TipRanks’ Overview page.