Gratifii Raises $1.7M to Power Next Phase of Tech and Client Growth
Gratifii Limited has raised $1.7 million through an institutional placement to fund technology upgrades and expand its client base, aiming to hit an $84 million revenue target in FY26.
- Raised $1.7 million via placement of 20 million shares at $0.085 each
- Funds earmarked for technology development and new customer onboarding
- Lead manager Stralis Capital Partners receives 6% fee plus 3 million options
- Company targets approximately $84 million pro-forma revenue for FY26
- Placement shares issued under existing capacity with no immediate dilution
Capital Raise to Fuel Growth Ambitions
Gratifii Limited (ASX: GTI), a technology company specialising in rewards and incentive platforms, has successfully completed a $1.7 million institutional placement. The company issued 20 million new shares at $0.085 each, slightly below the recent volume-weighted average price, to bolster its balance sheet and support ongoing expansion efforts.
The capital injection is set to underpin Gratifii’s strategic priorities, including advancing its technology roadmap and accelerating the onboarding of new clients. With over 80 mid-to-top tier brands already relying on its platform across Australia, New Zealand, and Southeast Asia, Gratifii is positioning itself for sustained growth in a competitive market.
Strategic Use of Funds and Market Confidence
CEO and Managing Director Iain Dunstan highlighted the importance of the placement in maintaining momentum: "We are pleased with the continued support from existing shareholders, allowing Gratifii to continue its growth focus." The funds will primarily be allocated to technology development initiatives and general working capital, critical areas for a company aiming to scale its platform capabilities and client reach.
Stralis Capital Partners acted as the lead manager for the placement, earning a 6% fee plus 3 million options exercisable at $0.17 by mid-2028. This arrangement aligns the interests of the lead manager with Gratifii’s long-term performance, while also reflecting confidence in the company’s growth trajectory.
Looking Ahead: Revenue Targets and Market Position
Gratifii is tracking towards a pro-forma revenue target of approximately $84 million for the fiscal year 2026. This ambitious goal underscores the company’s commitment to expanding its footprint in the rewards and incentives sector, leveraging its single-platform solution that offers configurability and affordability to a diverse client base.
The placement shares were issued under the company’s existing capacity, minimizing immediate dilution for current shareholders. However, the issuance of lead manager options introduces a potential future dilution factor, contingent on exercise decisions over the coming years.
Overall, this capital raise represents a pivotal step for Gratifii as it seeks to consolidate its market position and deliver on its growth promises.
Bottom Line?
Gratifii’s latest capital raise sets the stage for a critical growth phase, but execution on technology and client expansion will be key to meeting lofty revenue targets.
Questions in the middle?
- How will Gratifii’s technology development translate into competitive advantage?
- What is the timeline for onboarding new clients funded by this placement?
- How might the exercise of lead manager options impact shareholder dilution?
