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FirstWave Raises $2.66m and Restructures to Power AI Compliance Push
12:42pm on Friday 30th of January, 2026 AEDT
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Technology
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FirstWave Raises $2.66m and Restructures to Power AI Compliance Push
12:42pm on Friday 30th of January, 2026 AEDT
Key Points
Successful $2.66 million capital raise net of costs
Operational restructure with $500k costs yielding $450k quarterly savings
Repayment of $2.5 million convertible note and establishment of $2.5 million loan facility
Key contract renewals with NASA, Claro DR and Telmex boosting revenues
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