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DomaCom completes remaining $1.8 million of $3 million capital raise with HALO

With completion of the capital raising, the company has appointed HALO’s CEO Matthew Roberts and George Paxton to the DomaCom board as non-executive directors.

DomaCom Ltd - DomaCom completes remaining $1.8 million of $3 million capital raise
DomaCom is the owner and operator of the DomaCom investment platform

DomaCom Ltd (ASX:DCL) has completed the remaining $1.8 million of the $3 million capital raise with HALO Investment Co Pty Limited, a subsidiary of HALO Technologies Pty Ltd.

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.”

Quick facts: DomaCom Ltd

Price: 0.098 AUD

ASX:DCL
Market: ASX
Market Cap: $27.28 m
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