This has seen more than 24.258 million fully paid ordinary shares allocated to institutional investor HALO, which now holds in excess of 40.431 million shares for a 19.99% stake in DomaCom, up from 9.09%.
DomaCom secured HALO as a cornerstone investor through a $500,000 placement in early September with HALO also subscribing to a further $700,000 in shares to take their investment to $1.2 million.
Building revenue by growing funds
At the time, DomaCom's CEO Arthur Naoumidis said: “Following completion of these proposed capital raisings we will be able to focus on building revenue by growing our funds under management.
“This has occurred at a pivotal time for our business as all our key products are now operational after seven years of development.
“In addition to helping address our balance sheet, DomaCom has also secured a well-known financial services B2C channel for its fractional property product using the DomaCom platform and this includes appointing HALO Technologies as prime broker exclusively for our secondary market.”