DomaCom announces $3.6m placement as part of a $16.6m recapitalisation proposal with potential $300m additional FUM


  • DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘Company’) has entered into a placement agreement with FQC Fintech 2 Pty Ltd to raise approx. $2 million.
  • AustAgri Group Limited (AAGL) has agreed to underwrite a further $1.6 million placement.
  • DomaCom has also entered into an implementation agreement relating to a proposal (subject to conditions including DomaCom shareholder approval) for a DomaCom sub-fund to acquire AAGL. If completed, the AAGL transaction is expected to increase DomaCom’s FUM by at least $300m and deliver at least $13 million in revenue over the five year term of the sub-fund.
  • Completion of these transactions will accelerate DomaCom’s path to cash flow break even.

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