Simble Solutions Secures $280k Placement at 75% Premium
Simble Solutions Limited has raised $280,000 through a premium-priced equity placement, signaling renewed investor confidence in its sustainability software platforms.
- Placement raises $280,000 at $0.007 per share, a 75% premium to last close
- 40 million shares issued plus 4 million options pending shareholder approval
- Funds earmarked for working capital to support ongoing operations
- Options exercisable at a price linked to market value with a 9-month expiry
- Simble operates CarbonView and SimbleSense sustainability platforms globally
Placement Details and Pricing
Simble Solutions Limited (ASX:SIS), a player in sustainability software and energy monitoring, announced a capital raise of $280,000 through an equity placement priced at $0.007 per share. This price represents a significant 75% premium over the company’s closing price on 30 January 2025, and a 67% premium to the 15-day volume weighted average price (VWAP), underscoring strong investor interest despite recent trading levels.
The placement involves the issue of 40 million fully paid ordinary shares under ASX Listing Rules 7.1 and 7.1A, alongside 4 million options exercisable at a price that is either $0.007 or a 15% discount to the 15-day VWAP prior to exercise. These options are subject to shareholder approval at an upcoming Extraordinary General Meeting, adding a layer of conditionality to the deal.
Strategic Use of Funds
The capital raised will be directed towards working capital purposes, providing Simble with additional liquidity to support its operational needs and growth initiatives. This injection of funds is timely as the company continues to develop and market its two core product platforms: CarbonView and SimbleSense.
CarbonView is an enterprise-grade carbon and sustainability reporting platform designed to help companies measure and reduce their carbon emissions, aligning with global net zero targets. SimbleSense integrates hardware and real-time software to enable businesses to visualize and control energy systems, aiming to reduce energy costs and improve efficiency.
Market Position and Outlook
Simble’s operations span commercial, industrial, and SME sectors, with distribution channels that include direct B2B sales and partnerships. The company maintains an international footprint with offices in Australia, the United Kingdom, and Vietnam, positioning it well to capitalize on the growing demand for sustainability and energy management solutions worldwide.
The premium pricing of the placement shares suggests confidence from sophisticated investors in Simble’s strategic direction and product offerings. However, the finalisation of the options issuance remains contingent on shareholder approval, which will be a key event to watch in the coming months.
Chair Steve Thornhill’s endorsement of the placement highlights the board’s commitment to strengthening the company’s financial position as it navigates a competitive and evolving sustainability technology landscape.
Bottom Line?
Simble’s premium-priced placement boosts working capital but hinges on shareholder approval for options issuance.
Questions in the middle?
- Will shareholders approve the issuance of the 4 million options at the upcoming meeting?
- How will Simble allocate the new capital to accelerate growth in its CarbonView and SimbleSense platforms?
- What impact will this capital raise have on Simble’s share price and investor sentiment in the near term?
