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Zimi Raises $2.5M, Restructures Board and Cuts Costs Amid ASX Compliance Challenge
9:51am on Friday 31st of January, 2025 AEDT
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Technology
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Zimi Raises $2.5M, Restructures Board and Cuts Costs Amid ASX Compliance Challenge
9:51am on Friday 31st of January, 2025 AEDT
Key Points
Completed $2.495 million capital raising via entitlement offer and shortfall placement
Appointed Simon Beissel as Chair and added two new Non-Executive Directors
Company restructure targeting over $400,000 in annualised cost savings
New IoT products Matter Connect and Smoke Connect advancing towards certification and production
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