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Wooboard Technologies Limited ( (AU:1TT) ) has issued an update.
Thrive Tribe Technologies has raised approximately $240,554 through a placement of 318,615,000 new fully paid ordinary shares at $0.000755 each, issued under ASX Listing Rules 7.1 and 7.1A. The capital injection is expected to support the company’s ongoing development of its digital wellness ecosystem and Kumu platform, potentially strengthening its position in the growing health-tech engagement space.
The company has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the shares were issued without a disclosure document and can be traded immediately under the on-sale exemption. By affirming compliance with its continuous disclosure obligations and confirming there is no excluded information, Thrive Tribe aims to provide regulatory clarity and maintain investor confidence around the new share issuance.
The most recent analyst rating on (AU:1TT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Wooboard Technologies Limited stock, see the AU:1TT Stock Forecast page.
More about Wooboard Technologies Limited
Thrive Tribe Technologies Limited (ASX:1TT) operates in the digital health and wellness sector, focusing on building a connected community of individuals and businesses committed to wellbeing. Its core technology platform, Kumu, provides data-driven insights and engagement tools to help creators and enterprises connect with users and promote positive behavioural change.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.43M
Learn more about 1TT stock on TipRanks’ Stock Analysis page.