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RocketBoots Issues 4 Million Shares Under Placement to Back International Expansion

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RocketBoots Issues 4 Million Shares Under Placement to Back International Expansion

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The latest announcement is out from RocketBoots Ltd. ( (AU:ROC) ).

RocketBoots Limited has issued 4,000,000 fully paid ordinary shares via a placement to an existing shareholder, as part of a previously flagged $7 million capital raising to support the company’s international expansion plans. The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act 2001, confirming the shares were issued without a prospectus, that it remains compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information, thereby ensuring the new securities can be freely traded and providing regulatory clarity and comfort to investors participating in or affected by the placement.

More about RocketBoots Ltd.

RocketBoots Limited is an Australia-based technology company that uses artificial intelligence, cloud computing, simulation and advanced analytics to turn video data into performance improvements for large retailers and banks. Its core software products target adaptive loss prevention at self-checkout and registers, workforce and customer experience optimisation for loyalty-focused retailers, and branch value optimisation to manage face-to-face banking in a digital-first environment, aiming to reduce operating expenses and loss while improving service, sales and customer loyalty across extensive store and branch networks.

Average Trading Volume: 475,304

Technical Sentiment Signal: Buy

Current Market Cap: A$59.96M

Find detailed analytics on ROC stock on TipRanks’ Stock Analysis page.

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