In a private placement transaction, DomaCom has successfully raised $2 million in capital from a new sophisticated investor, further strengthening its financial position. As part of the arrangement, the company issued a total of 142,857,143 fully paid ordinary shares, each priced at $0.014, marking a significant step in its growth strategy.
Upon completion of the Placement, the new investor’s shareholding in DomaCom will be approximately 19.5%, making them a significant stakeholder in the company. This sizeable ownership reflects the investor’s confidence in DomaCom’s strategy and future growth prospects. The increased investment will not only bolster the company’s financial standing but also further solidify the alignment between DomaCom and its investors, supporting long-term objectives and enhancing the company’s overall value.
DomaCom received shareholder approval for the Placement on November 25, 2024, which provided the necessary authorization to move forward. With the approval now in place, the company is poised to proceed with the Placement, taking the next steps to secure the capital needed for its continued growth and business initiatives. This marks an important milestone in the company’s journey, positioning DomaCom for success in the years ahead.
A portion of the funds will be allocated towards repaying the debt owed to Bricklet, alleviating any financial pressures. The remaining capital will be used to bolster DomaCom’s working capital, ensuring the company has the necessary resources to support its ongoing growth initiatives and continue its expansion in the market.
DomaCom’s CEO, Darren Younger, highlighted that the recent private placement reflects significant confidence in the company’s strategy to evolve into a leading, fund-first, technology-driven business. He noted that the option to secure additional funding further emphasizes the strong, long-term alignment between DomaCom and its investors.
Younger also mentioned that the capital raised from this investment would enable DomaCom to fast-track essential initiatives, create value for stakeholders, and position the company for continued growth in the future.
