Flexiroam Raises AU$3.7 Million via Entitlement Offer

MT Newswires Live

2025/02/06

Flexiroam (ASX:FRX) raised nearly AU$3.7 million following the completion of its non-renounceable pro-rata entitlement offer, according to a Thursday filing with the Australian bourse.

The telecommunications company received valid applications for almost 731.8 million new shares. This includes founder and interim Chief Executive Jef Ong's investment of AU$908,027 as the offer's partial underwriter.

The company had originally sought AU$3.9 million.

New shares will start trading on the Australian Securities Exchange on Friday.

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