Yojee Raises AU$2.55 million in Upsized Placement

Yojee Limited (ASX: YOJ) has received firm commitments from sophisticated investors, securing approximately AU$2,548,499. This includes AU$1,548,499 from the Second Placement and an additional AU$1,000,000 due to high demand. Shareholder approval was obtained for issuing 51,616,634 ordinary shares at AU$0.03 each. The first tranche of the Additional Placement, issuing 26,000,000 shares, will settle soon, while the second tranche awaits shareholder approval.

Funds will primarily fuel the company's enterprise strategy, enhancing engineering, sales, and customer success teams, as well as supporting general working capital. 708 Capital Pty Ltd served as Lead Manager, entitled to a 6% management and selling fee, potentially payable in shares subject to shareholder approval. Yojee Chair Shannon Robinson expressed gratitude for investor support and pledged to deliver on strategic objectives.

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