Thrive Tribe Technologies Limited (ASX:1TT)

Thrive Tribe Technologies Limited (ASX: 1TT) announced it has secured firm commitments to raise approximately A$4 million through a placement to sophisticated and professional investors, conducted in two tranches. The placement involves issuing 3,000,000,000 fully paid ordinary shares at $0.001 per share, with 1 attaching option for every 2 shares, exercisable at $0.003, expiring on 15 June 2029. An additional placement to raise up to A$1 million on similar terms is planned, pending shareholder approval. Funds are intended for working capital, costs associated with the capital raise, and the commercialization of the company's HR and remote-working enterprise software suite, particularly for government and defense-related applications. Clee Capital Pty Ltd is acting as the lead manager for the placement, with a capital raising fee of 6% (plus GST) and potential issuance of 1,500,000,000 broker options, subject to approval. The announcement has been authorized by the Board.