Decidr AI Industries Ltd (ASX:DAI) Completes $20M Share Placement
Equity Raising Details
Decidr AI Industries Ltd (ASX:DAI) has secured $20 million through the issuance of 22,222,223 new, fully paid ordinary shares at $0.90 each. This placement represents a 10.7% stake in the existing shares, resulting in a 9.7% dilution post-placement.
Use of Proceeds
The funds raised will be allocated to accelerate existing deployments, expand the customer base, acquire new partners, pre-board businesses, and further develop DecidrOS. Additionally, the company plans to expand into international markets.
Investor Support
The placement was primarily supported by existing and new institutional investors, with Morgans Corporate Limited acting as the sole Lead Manager and bookrunner.
Executive Comments
Executive Chairman David Brudenell stated, “This raise reflects the strong momentum Decidr is building through our global partnerships, growing customer base, and expanding agentic ecosystem. The support from institutional investors allows us to accelerate global growth and fast-track the creation of the Agentic Graph—the foundation of AI-native organisations. It’s a major step in delivering on our vision to power the Agentic Economy.”
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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
