Hiremii Ltd (ASX:HMI) has announced that it has received firm commitments from institutional, professional and sophisticated investors to raise $800,000 (before costs) via a two tranche placement of fully paid ordinary shares in the Company at an issue price of $0.0447 per share. Hiremii Ltd Managing Director, Andrew Hornby said ?Following the recent acquisition of Inverse Group Ptd Ltd, the Company now has the opportunity to offer HireMii?s unique AI-driven technology recruitment platform to a much larger client base, providing quicker and more cost-effective recruitment services to them. The funds being raised provide us with the additional capital to execute our growth plans and rapidly scale the services being offered to our clients?.
When an ASX-listed company announces a capital raising, it generally means it is selling more shares to raise money.
More often than not, the shares are sold at a discount to the company?s share price at the time to entice new and existing investors.
Following the announcement, shares in Hiremii Ltd traded 3.92% lower at $0.049/share.