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Yojee Limited (ASX:YOJ)

ALERT: Price-sensitive ASX Announcement for YOJ
Current share price for YOJ : $0.250 0.01 (4.17%)+
Announcement
Release
3 Aug 2026 9:12AM
Price at Release
$0.240
Full Release
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Summary
Yojee Limited has announced a significant capital raising effort to fast-track its growth plans, aiming to collect up to AUD$9 million through an oversubscribed placement and a share purchase plan. This initiative is intended to fund the commercial rollout of Yojee's Mosaic freight platform and TCMS transport product. The firm has secured commitments for a $7 million placement at $0.23 per share, which represents a discount to the market prices, with additional funds to be raised from existing shareholders in Australia and New Zealand. The capital will be directed towards further development, business expansion, and general working capital needs.
Key Points
  • Yojee Limited has announced an oversubscribed capital raising to fund its growth strategy.
  • The company aims to raise up to AUD$9 million through a combination of placement and share purchase plan.
  • Firm commitments have been received for a $7 million placement by issuing 30,434,783 shares at $0.23 each.
  • A share purchase plan is offered to existing shareholders to raise an additional $2 million.
  • Funds will support the commercial launch of Yojee's Mosaic freight forwarding platform and TCMS transport product.
  • The placement is priced at a 4.2% discount to the latest closing price and a 9.978% discount to the 15-day VWAP.
  • The settlement of placement shares is anticipated for 11 August 2026, with trading commencing on 12 August 2026.
  • The share purchase plan is open to shareholders in Australia and New Zealand as of 31 July 2026.
  • Proceeds will be used for development and commercialization of Yojee's platforms, business growth, and working capital.
  • 708 Capital Pty Ltd is appointed as the lead manager for the placement with a fee of 6% of gross proceeds.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.