Yojee Secures AUD 9M to Accelerate MOSAIC Freight Platform Rollout
Yojee Limited has raised up to AUD 9 million through an oversubscribed placement and share purchase plan, aiming to fast-track the commercial expansion of its MOSAIC freight forwarding platform and TCMS transport software.
- Oversubscribed $7 million placement at $0.23 per share
- Share Purchase Plan to raise up to $2 million from existing shareholders
- Funds to support commercial launch and growth of MOSAIC and TCMS platforms
- Placement shares issued at a 4.2% discount to last closing price
- Lead manager 708 Capital appointed with 6% fee and advisory shares
Oversubscribed Placement Underscores Investor Confidence
Yojee Limited (ASX:YOJ) has successfully secured firm commitments for a $7 million placement, issuing over 30 million shares at $0.23 each, a price representing a modest 4.2% discount to the last closing price. This placement was oversubscribed, attracting both long-term existing shareholders and new sophisticated investors eager to back the logistics technology company's growth ambitions.
Complementing this, Yojee is launching a Share Purchase Plan (SPP) targeting up to $2 million from eligible shareholders in Australia and New Zealand. The SPP allows participants to acquire shares up to $30,000 at the same issue price, with the company reserving the right to accept oversubscriptions or scale back allocations. The combined capital raising could total AUD 9 million, providing a substantial boost to Yojee's war chest.
Capital to Fuel Commercial Expansion of MOSAIC and TCMS
The fresh funds are earmarked primarily for accelerating the rollout and commercialization of Yojee’s MOSAIC freight forwarding platform alongside its established TCMS transport management system. The company plans to invest in additional resources, business development, and team expansion to solidify its position in the competitive logistics technology sector.
CEO Mark Connell highlighted the significance of the capital raise, noting the team's dedication to delivering the MOSAIC product on time and budget. He expressed optimism that the funding would enable Yojee to sharpen its sales efforts and enhance its market-leading technology offering.
Placement Details and Lead Manager Engagement
The placement shares will be issued under Yojee’s existing placement capacity, with settlement anticipated on 11 August 2026 and trading commencing the following day. 708 Capital Pty Ltd has been appointed as lead manager and bookrunner, earning a 6% fee on gross proceeds plus up to 260,870 advisory shares for services rendered.
The SPP offer booklet is scheduled for dispatch on 7 August, with the offer closing on 20 August, subject to board discretion. The company’s approach to the SPP indicates a desire to balance rewarding loyal shareholders while managing dilution and capital structure prudently.
MOSAIC Platform Commercial Momentum Builds
Yojee’s MOSAIC platform, designed to unify freight forwarding operations across air, ocean, and road freight, has recently transitioned from beta testing to commercial launch. This capital raise aligns with the company’s push to capitalize on early partner wins and expand its customer base. The platform aims to streamline fragmented supply chain data exchanges, enhancing visibility and operational efficiency for logistics providers.
Backing from both existing and new investors through this oversubscribed raise reflects confidence in Yojee’s technology and growth strategy, especially as it seeks to scale its commercial footprint in a rapidly evolving industry.
Bottom Line?
Yojee’s oversubscribed capital raising provides a solid runway to amplify MOSAIC’s market presence, but the success of this funding will hinge on execution in sales and platform adoption.
Questions in the middle?
- How will Yojee balance growth investment with shareholder dilution following the capital raising?
- What milestones will indicate successful commercial traction for MOSAIC over the next 12 months?
- To what extent can the SPP exceed its $2 million target through oversubscriptions?
