Tinybeans Group Ltd successfully completed its institutional component of a fully underwritten entitlement offer, raising approximately A$2.32 million with a 46.2% take-up rate, and plans to use the net proceeds to fund additional roles and support growth initiatives.
The retail component aims to raise an additional A$2.70 million, with the entire offer aiming for a total of approximately A$5.0 million to support the company's expansion and operational needs.
ASX Code: TNY