RocketBoots secures $7M to drive global expansion

RocketBoots (ASX:ROC) has secured firm commitments to raise $7 million through the placement of 28 million new shares at $0.25 each, attracting strong support from both new and existing sophisticated investors, including four new institutional participants.

The capital raise follows the company's recent signing of a transformative contract with a tier-one global retailer and is intended to fund RocketBoots' international expansion, scale its global team, and deploy its AI-driven loss-prevention platform.

CEO Joel Rappolt said the funding positions the company to accelerate the conversion of its global enterprise pipeline and deliver growth in annual recurring revenues.

The placement was managed jointly by Taylor Collison, Bell Potter Securities, and Originate Capital, with proceeds earmarked for expanding RocketBoots' international operations, enhancing technology infrastructure, and meeting working capital requirements.