Dataworks launches $4.2M capital raise
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- The company is raising up to $4.2 million through a placement and entitlement offer.
- New shares are priced at $0.12 each, representing a 20% discount to its last closing price.
- Proceeds will support government programme delivery, working capital, and product development.
Dataworks (ASX:DWG) has announced a capital raising of up to $4.2 million before costs to fund its next stage of business growth.
The offering comprises a $3 million placement to institutional investors alongside a $1.2 million non-renounceable entitlement offer for existing shareholders.
The issue price of $0.12 per share represents an 11% discount to the company's 15-trading-day volume-weighted average price.
Participants will also receive one free attaching option for every two new shares subscribed, exercisable at $0.20 through December 2027.
Following the announcement the Dataworks share price was unchanged at $0.15.
Dataworks operates as a regulated gaming technology company specialising in secure data sharing and compliance solutions.
