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Simble Solutions Ltd. ( (AU:SIS) ) has provided an announcement.
Simble Solutions Limited has completed the acquisition of 100% of Next Nano Pty Ltd, issuing 600,000,000 fully paid ordinary shares to vendor Dr David Pevcic as consideration, strengthening its capabilities in sustainability-focused technology. The move advances Simble’s strategic growth in the sustainability solutions sector and may broaden its product offering and market reach across its existing international footprint.
The company has also finalised both tranches of a capital placement, raising a total of $2.5 million through the issue of 500,000,000 new shares at $0.005 each, alongside free-attaching options for investors. Director participation and additional options issued to the lead manager, 62 Capital, further align key stakeholders with Simble’s growth trajectory, while the new capital is expected to support integration of Next Nano and ongoing expansion of its SaaS and consulting operations.
More about Simble Solutions Ltd.
Simble Solutions Limited (ASX:SIS) is a global sustainability solutions group offering software products for Net Zero carbon reporting and energy monitoring and intelligence via Software-as-a-Service platforms. Operating through its CarbonView and SimbleSense product divisions, the company provides carbon and sustainability reporting tools, real-time energy visualisation and control solutions, and consulting services to commercial, industrial and SME customers across Australia, the U.K. and Vietnam.
Current Market Cap: A$7.6M
For a thorough assessment of SIS stock, go to TipRanks’ Stock Analysis page.