InFocus Group Holdings Limited (ASX:IFG) Secures Additional Placement Commitments
Placement Update
InFocus Group Holdings Limited (ASX:IFG) has received an additional AUD 172,125 in placement commitments, raising the total to $422,125 at an issue price of 1.35 cents per share. The funds will support working capital and the expansion of client engagements, including a USD 1.5 million service agreement for a cross-border stablecoin payments platform. A further 12,750,000 shares were issued today, and shareholder approval is forthcoming for 31,268,529 options exercisable at $0.05 over two years.
Cleansing Statement
From 5 to 7 March 2025, InFocus issued 18,518,519 shares via placement, 12,750,000 shares via placement, 23,250,000 shares post-shareholder approval at the February 2025 EGM, and 3,755,709 shares to the CEO under an employee incentive scheme, without disclosure under Part 6D.2 of the Corporations Act 2001. The company has complied with relevant provisions and asserts no excluded information remains relevant for continuous disclosure.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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