Felix Group Holdings Ltd has completed its share purchase plan (SPP). The SPP offer closed on the 24 May 2022 and followed the successful completion of an AU$6.4 million strategic and institutional placement. Through SPP, the Company raised AU$440,500. Around 1.8 million new fully paid ordinary shares will be issued today.
The funds raised via the Placement and SPP would be used to increase in sales and marketing initiatives to fast-track conversion of new Contractor customers delivered by the partnership, technology development related with the InEight partnership and working capital.
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