Felix Group Raises A$16.5m to Fuel Nexvia Acquisition and Growth
Felix Group Holdings has successfully closed its Share Purchase Plan, raising an additional A$0.5 million following a substantial A$16 million institutional placement. The funds will support the company’s strategic acquisition of Nexvia and further platform development.
- Share Purchase Plan raised A$0.5 million at a 3.7% discount
- Total equity raise reaches A$16.5 million including institutional placement
- Funds earmarked for Nexvia acquisition and organic growth initiatives
- Tranche 2 placement shares and options pending shareholder approval
- SPP shares to be issued on 15 September 2025
Felix Group Completes Share Purchase Plan
Felix Group Holdings Ltd (ASX – FLX) has announced the successful completion of its Share Purchase Plan (SPP), which closed on 9 September 2025, raising approximately A$490,000. This follows a two-tranche institutional placement that raised A$16 million, bringing the total gross proceeds from the equity raising to A$16.5 million, assuming shareholder approval for the second tranche.
Strategic Use of Funds
The capital raised will be strategically deployed to partially fund Felix’s acquisition of Nexvia, a move that signals the company’s intent to expand its footprint in the procurement management software space. Additionally, the funds will support organic growth initiatives and cover working capital and transaction costs, positioning Felix to enhance its Enterprise platform and accelerate customer adoption both domestically and internationally.
Shareholder Participation and Pricing
The SPP offered eligible retail shareholders the opportunity to invest up to A$30,000 in new fully paid ordinary shares at a price of $0.21 per share. This price represented a 3.7% discount to the volume weighted average price over the ten trading days prior to the SPP announcement, reflecting a modest incentive for shareholder participation. The company confirmed that all valid applications were accepted in full, demonstrating solid retail investor support.
Pending Approvals and Next Steps
While the SPP shares will be issued on 15 September 2025, the issuance of shares and options under Tranche 2 of the institutional placement remains subject to shareholder approval, scheduled for a general meeting on 8 October 2025. The outcome of this vote will be critical in determining the final quantum of capital raised and the full execution of Felix’s growth strategy.
Looking Ahead
Felix’s Managing Director, Mike Davis, highlighted the importance of the equity raising in enabling the company to deliver a turnkey solution that activates and scales monetisation through the Nexvia acquisition. The company’s focus on enhancing its SaaS procurement platform underscores its ambition to streamline supply chain processes and improve governance for contractors and vendors alike.
Bottom Line?
With capital secured, Felix now turns to shareholder approval and integration of Nexvia to drive its next growth phase.
Questions in the middle?
- Will shareholders approve the Tranche 2 placement shares and options as planned?
- How will the Nexvia acquisition impact Felix’s competitive positioning and revenue growth?
- What enhancements to the Enterprise platform are expected to accelerate customer adoption?
