Codeifai’s Capital Raise Hinges on Shareholder Approval Amid Ambitious Growth
Codeifai Limited has raised $1.1 million through a share placement to fund the commercialisation of a quantum-secured platform and broaden its AI capabilities into new industrial sectors.
- Raised $1.1 million via placement of 144.7 million shares at $0.0076 each
- Placement includes attaching options exercisable at $0.02, pending shareholder approval
- Funds earmarked for acquiring and rebranding AntennaTransfer.io’s quantum-secured platform
- Strategic expansion into geospatial and subsurface AI intelligence applications
- Exploring bonus option entitlement for existing shareholders
Capital Raise to Fuel Growth
Codeifai Limited (ASX – CDE) has successfully secured $1.1 million through a share placement, issuing over 144 million shares at a price of $0.0076 each. This capital injection is designed to support the company’s next phase of growth, notably the commercialisation of a quantum-secured payment and file transfer platform acquired from AntennaTransfer.io, which will be rebranded as QuantumAI Secure.
The placement also includes one free attaching option per share, exercisable at $0.02 and valid for three years, subject to shareholder approval. This structure aims to provide investors with additional upside potential while aligning with the company’s long-term vision.
Strategic Acquisition and Technology Focus
The acquisition of AntennaTransfer.io’s platform marks a significant step for Codeifai in the quantum security space, an area gaining traction for its potential to safeguard sensitive data transfers. By integrating this technology, Codeifai is positioning itself at the forefront of secure digital transactions, a critical capability as cyber threats evolve.
Alongside this, the company is actively expanding its artificial intelligence capabilities beyond its existing digital brand solutions. Codeifai is exploring applications in geospatial and subsurface intelligence, leveraging AI to interpret complex datasets such as imagery and sensor data. These efforts aim to accelerate decision-making in industrial environments, opening new avenues for growth and partnerships.
Shareholder Rewards and Market Positioning
In recognition of shareholder support, Codeifai is considering a bonus option entitlement issue, mirroring the terms of the placement options. This move, pending shareholder and ASX approval, would provide existing investors with additional value and reinforce confidence in the company’s strategic direction.
Oakley Capital acted as lead manager for the placement, underscoring the transaction’s professional execution. The company’s focus on scalable, high-margin AI solutions combined with quantum-secured technology reflects a clear ambition to carve out a distinctive niche in the competitive technology landscape.
Investors will be watching closely as Codeifai progresses with its acquisition integration and AI expansion plans, both of which could significantly influence its market positioning and valuation.
Bottom Line?
Codeifai’s capital raise and strategic moves set the stage for a transformative year, but shareholder approvals and execution will be key to unlocking value.
Questions in the middle?
- Will shareholders approve the attaching and bonus options as proposed?
- How quickly can Codeifai integrate and commercialise the QuantumAI Secure platform?
- What partnerships or contracts might emerge from the expanded AI applications in geospatial intelligence?
