ASX-listed DomaCom secures $2 million investment through private placement

DomaCom have announced the completion of a $2 million investment through a private placement with new sophisticated investor via the issue of 142,857,143 fully paid ordinary shares at an issue price of $0.014 per share (‘Placement’).

Following completion of the Placement, the new investor will hold an interest of circa. 19.5% in the company.

The Placement will be completed pursuant to an existing shareholder approval which was obtained by DomaCom on 25 November 2024.

DomaCom will be using the funds from the Placement to pay outstanding debt liability to Bricklet and for working capital purposes, which will further strengthen the Company’s balance sheet.

Commenting on the private placement, DomaCom CEO Darren Younger stated, “This investment demonstrates strong confidence in our vision to transform DomaCom into a leading fund-first, technology-driven business. The additional option to secure further funding underscores the long-term alignment between DomaCom and our investors. This capital will allow us to accelerate key initiatives, deliver value to our stakeholders, and position the business for sustained growth.”