- 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.