Melbourne, Australia, 12 May 2023: AD1 Holdings Limited (‘AD1’ or the ‘Company’) (ASX: AD1), announces the results of the Entitlement Offer announced on 30 March 2023.
The Entitlement Offer allowed Eligible Shareholders to subscribe to 2 New Shares for every 7 Existing Shares held by Eligible Shareholders at the Record Date at an issue price of $0.005 per New Share.
The Company is pleased to announce that it has improved its cash position by approximately $1 million, through the Entitlement Offer and other capital raising plans.
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