Xamble Group Limited (ASX:XGL) Announces Entitlement Offer
Entitlement Offer Details
Xamble Group Limited (ASX:XGL) is conducting a renounceable entitlement offer, issuing one new CDI for every three held by Eligible CDI Holders at an issue price of $0.012 per CDI. This offer aims to raise up to A$1,356,057 before costs. Additionally, one free new option will be provided for every CDI applied for and issued, exercisable at $0.025 on or before August 31, 2028.
Use of Funds
The proceeds from the entitlement offer will be allocated as follows: 26% for accelerating creator acquisition and platform adoption, 22% for technology enhancements and development, 9% for offer-related expenses, and 43% for working capital. This funding strategy is designed to support the company’s growth and operational needs.
Timetable
Key dates for the entitlement offer include the opening on August 29, 2025, and closing on September 11, 2025. Results will be announced on September 18, 2025, with new CDIs and options issued the following day. Trading on ASX for the new securities will commence on September 19, 2025.
Motley Fool contributor Kiarra Jackson 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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