Melbourne, Australia – 12 June 2024: Linius Technologies Limited (ASX: LNU) (Linius or Company) – the only cloud-based solution that unlocks the value of video archives with immersive, deeply personalized viewer experiences via its Linius Media Solutions portfolio – announces that strategic professional and sophisticated investors and Linius directors have subscribed for a total of $125,000 via a placement of fully paid ordinary shares (Placement).
Proceeds from the Placement will be used for acceleration of Linius’ go to market plan which is focused on scale and near-term revenue growth through further penetration of the US sports market, and continued investment into key segments like broadcast and college sports.
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