- TALi Digital (TD1) has received binding commitments from institutions and sophisticated investors to raise $3.85 million before costs
- The company will conduct a placement, issuing 98,717,948 new and fully paid ordinary shares
- The shares will sold at an issue price of 3.9 cents each, for total proceeds of $3.85 million
- TALi will also issue one free attaching option for every two shares purchased, producing an extra $4.44 million in potential proceeds
- Proceeds will fund the acceleration of TALi’s global expansion and the commercial domestic rollout of the company’s product suites
- TALi Digital is up 2.38 per cent and trading at 4.3 cents per share
