Talius Group Limited Secures $2.5 Million Strategic Placement

Highlights:

• $2.5 Million Strategic Placement: Talius Group Limited (ASX: TAL) has raised $2.5 million by issuing 286.05 million new shares at $0.009 each, representing a 7.7% premium to the 30-day VWAP and a 12.5% premium to the last closing price.
• Expansion and Capital Management: Proceeds will support Talius' growth in the Home Care vertical and enhance capital management efforts, with a target of achieving profitability in 2025.
• Partnership with Industry Expert: Strategic investor Stephen Norris, with over 40 years of experience in aged care, brings valuable industry expertise and will collaborate on key initiatives, including a finalized Memorandum of Understanding (MOU) and potential non-executive director appointment.

Talius Group Limited (ASX: TAL) has entered into a binding agreement for a $2.5 million placement of new shares to Stephen Norris Technologies Pty Ltd. The strategic placement involves the issuance of 286.05 million shares at $0.009 per share, representing a 7.7% premium to the 30-day volume-weighted average price (VWAP) of $0.0084 and a 12.5% premium to the last closing price of $0.008, as of 20 December 2024.

Capital Raise to Support Growth and Expansion

The proceeds from this placement, combined with the company's existing cash holdings, will be used to bolster Talius' expansion strategy, particularly focusing on scaling up its Home Care vertical. The funds will also help improve the company's capital management as it works toward achieving profitability in 2025. The strategic placement will significantly strengthen Talius' financial position and ensure its platform can support further growth.

Strategic Partnership and Industry Expertise

Stephen Norris Technologies Pty Ltd, led by Mr. Stephen Norris, brings over 40 years of experience in the aged care sector. Mr. Norris is the Managing Director of Lifestyle SA Group, a company with over 2,000 apartments across 11 retirement villages in South Australia. Norris is keen on leveraging his expertise in "ageing in place" solutions to drive improved outcomes for aged care providers and residents. This experience aligns with Talius' long-term vision, making him a valuable strategic investor.

MOU to Drive Future Collaborations

At the time of writing, a Memorandum of Understanding (MOU) is being finalized to explore strategic growth opportunities, including collaborations with companies like Lifestyle SA Group and CareWindow, an aged care communications platform. This partnership will enhance Talius' offerings while avoiding conflicts with larger operators in the sector. Additionally, upon completion of the placement, Mr. Norris will have the right to nominate a non-executive director to the Talius Board. This appointment is expected to be announced in early 2025.

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