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Highlights

  • Successful Fundraising: RocketBoots Limited raises AU$3.0 million via a well-supported placement.

  • Two-Tranche Structure: Initial AU$2.32M to be issued immediately; additional AU$0.68M pending shareholder approval.

  • Strategic Expansion: Funds to support global sales initiatives and working capital.

Artificial Intelligence software company RocketBoots Limited (ASX:ROC) has secured firm commitments to raise AU$3.0 million at AU$0.08 per share, attracting strong interest from institutional and sophisticated investors.

The capital raise will be conducted in two tranches:

  1. Tranche One: AU$2.32 million through the issuance of 29.0 million new shares under ASX Listing Rules 7.1 and 7.1A.

  2. Tranche Two: AU$0.68 million from the issuance of 8.5 million shares, subject to shareholder approval at an Extraordinary General Meeting (EGM) in late May 2025.

Board Participation and Investment Terms

As part of Tranche Two, Chair Roy McKelvie and Director Cameron Petricevic have committed to investing AU$90,000, pending EGM approval.

The offer price of AU$0.08 per share represents a 20.0% discount to ROC’s closing price on 26 March 2025, and a 13.6% discount to its 15-day volume-weighted average price (VWAP).

Use of Funds

RocketBoots intends to allocate the placement proceeds towards:

  • Advancing global sales initiatives to drive revenue growth.

  • General working capital and covering placement costs.

Taylor Collison Limited and Originate Capital Pty Ltd acted as joint lead managers (JLMs) for the placement. As part of their compensation, the JLMs will receive a 6% fee on funds raised and 3 million unlisted options exercisable at $0.12 per share, expiring in May 2028.

ROC shares were trading 25% higher at AU$0.125 per share at the time of writing on 31 March 2025.