XPON Technologies Group Ltd announced a successful capital raising of $0.75 million from professional and sophisticated investors, including $0.30 million from its directors, with an additional Share Purchase Plan (SPP) for existing shareholders aiming to raise up to $0.25 million, both at an issue price of $0.015 per share.
The funds are intended to strengthen the company's balance sheet and support its AI marketing technology business.
ASX Code: XPN