Convertible Note Deal and Rebrand Could Reshape Axiom’s Real Estate Future
Axiom Properties has secured $1.4 million through an equity placement and plans a strategic rebrand to Axtec, aiming to accelerate growth in real estate technology. Additional convertible note financing is proposed to strengthen the balance sheet further.
- Completed $1.4 million equity placement issuing 64.9 million shares at 1.5 cents each
- Managing Director and major shareholder committed an extra $400,000 plus potential $1.25 million convertible notes
- Proposed company name change to Axtec Limited to reflect focus on real estate technology
- Funds to accelerate rollout of automation, payments, and AI-driven real estate solutions
- Convertible note terms and shareholder approvals pending at November AGM
Capital Raise to Fuel Transformation
Axiom Properties Limited (ASX, AXI) has taken a decisive step to underpin its evolution into a technology-driven real estate platform by completing a $1.4 million equity placement. The placement, priced at 1.5 cents per share, saw the issuance of nearly 65 million new shares to a mix of strategic and sophisticated investors, including current management and the Board. This capital injection is designed to strengthen the company’s balance sheet and accelerate the rollout of its innovative real estate technology solutions.
Leadership and Shareholder Confidence
Notably, Managing Director Ben Laurance and Oriental University City Holdings (OUC), a significant existing shareholder, have committed an additional $400,000 to the placement, subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for late November. Beyond this, they have expressed a non-binding intent to invest approximately $1.25 million via convertible notes. These notes aim to refinance existing loans on more favourable terms, further bolstering the company’s financial position. However, the final terms of this convertible note instrument remain to be agreed and will also require shareholder endorsement.
Rebranding to Axtec, A New Identity
In tandem with the capital raise, Axiom announced plans to rebrand as Axtec Limited, signaling a clear strategic pivot towards becoming a pure-play real estate technology platform. This rebranding effort reflects the company’s ambition to embed automation, payments, compliance tools, and artificial intelligence into the traditionally manual and fragmented property sector. The name change is subject to shareholder approval at the AGM, underscoring the company’s commitment to transparency and governance.
Technology at the Core of Growth
Axtec’s CEO, Rob Towey, highlighted that years of investment in technology and partnerships have positioned the company to scale effectively. The platform integrates automated payments and AI-driven workflows to simplify property transactions and unlock new revenue streams across the real estate value chain. The fresh capital will primarily fund the development and deployment of custom automation solutions, aiming to enhance efficiencies for agency networks, property owners, renters, and industry partners alike.
Looking Ahead
The successful placement and proposed refinancing mark a pivotal moment for Axiom/Axtec as it seeks to capitalize on the growing demand for intelligent, data-driven real estate solutions. With shareholder approvals pending, the company’s next steps will be closely watched by investors eager to see how these initiatives translate into market traction and financial performance.
Bottom Line?
Axiom’s capital raise and rebrand set the stage for a tech-driven real estate future, but shareholder approvals will be the next critical hurdle.
Questions in the middle?
- What will be the final terms and impact of the proposed $1.25 million convertible notes on share dilution?
- How quickly can Axtec scale its technology platform to secure large-scale partnership contracts?
- Will the rebranding to Axtec resonate with investors and the broader real estate market?
