Xamble’s $1.35M Rights Offer Priced 33% Below Market with Free Options

Capital Raise to Accelerate Growth

Xamble Group Limited (ASX – XGL), a prominent influencer marketing platform in Southeast Asia, has announced a partially underwritten renounceable rights issue targeting approximately A$1.35 million. Priced at A$0.012 per CDI, this offer represents a significant 33% discount to the last traded price, aiming to incentivize existing investors to participate while mitigating dilution.

The capital raise is designed to fund key strategic initiatives, including accelerating creator acquisition and platform adoption, enhancing technology with new features such as affiliate and fintech modules, and supporting working capital needs during this growth phase. The company’s CEO, Jason Thoe, emphasized the importance of this step in positioning Xamble for its next growth phase and delivering long-term value.

Underwriting and Director Support

The offer is partially underwritten to the tune of A$1.15 million, with Eli Capital Pty Limited leading the underwriting at A$550,000. Notably, non-executive directors Ganesh Kumar Bangah and Robert William Sultan have committed to participate for a combined amount of over A$600,000, signaling strong insider confidence. Additionally, Georg Johann Chmiel, another non-executive director, has sub-underwritten a portion, though he is ineligible to participate directly due to residency restrictions.

Alongside the rights issue, investors will receive free-attaching options exercisable at A$0.025, expiring in August 2028, potentially adding further upside. The rights themselves are tradeable on the ASX, providing flexibility for investors who may choose to sell their entitlements rather than subscribe.

Market Implications and Next Steps

The renounceable structure and tradeability of rights aim to balance fairness and liquidity, potentially enhancing market confidence. The company has outlined a clear timetable for the offer, with key dates spanning from late August to mid-September 2025. Eligible holders in Australia and New Zealand are invited to participate, while overseas holders will have their entitlements sold by a nominee, with proceeds distributed if any.

Proceeds will be strategically deployed to boost user growth through influencer onboarding and brand campaigns, localize platform offerings, and integrate AI-driven personalization. The focus on fintech and affiliate modules suggests a push towards diversifying revenue streams and deepening engagement within the creator economy.

While the underwriting and director participation provide a solid foundation, the ultimate success of the raise will depend on investor uptake and the company’s execution of its growth plans. Market watchers will be keen to see how the share price responds post-offer and whether the new capital translates into tangible platform momentum.