Unith Ltd announced the successful closure of its oversubscribed non-renounceable pro-rata Entitlement Offer, raising $2,577,290 through the issuance of new shares and options, with funds aimed at enhancing its artificial intelligence capabilities and the general launch of its Digital Human platform.
The offer's strong demand led to a scale-back of applications, with refunds processed for scaled-back applications, and the company's directors and executive management showing strong support by taking up their full entitlements.