Linius Technologies (AU:LNU) has released an update.
Linius Technologies Limited has successfully raised $125,000 through a share placement to strategic and sophisticated investors, including company directors. The funds will be directed towards accelerating Linius’ market penetration, specifically in the US sports sector, and will support revenue growth initiatives and investment in key segments. The transaction involved issuing shares at a slight premium, with the new shares set to have equal standing with the company’s existing shares.
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