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Inabox Announces Completion of $4 Million Capital Raise

- Inabox has successfully raised $4 million via a private placement to new and existing institutional and sophisticated investors

- The funds raised will be used to pay down short-term debt associated with the recent acquisition of Hostworks, and for working capital

Inabox Group Limited (Inabox) (ASX:IAB), a national multi-channel, managed IT and communications company, is pleased to announce it has raised $4 million via a private placement (Placement).

The Placement will be used in part to pay down short-term debt associated with the recent acquisition of 100% of Hostworks Group Pty Limited and its associated companies (Hostworks).


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