Tribe Property Technologies (TSE:TRBE) has released an update.
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Tribe Property Technologies successfully completed a $2.5 million private placement, fully subscribed with significant participation from company insiders, raising new capital for growth and general working capital purposes. The placement, which included the issuance of units at $0.52 each, coupled with a prior $3.66 million funding, bolsters Tribe’s financial position as the company reports a $31 million annual revenue run rate with improving profitability.
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