Latest It Services News

Dominion Income Trust 1 (ASX – DN1) has announced a $45 million placement at $101 per unit, aiming to enhance fund diversification and liquidity without impacting net asset value.

BetMakers Technology Group reports solid Q3 FY25 financial gains alongside a strategic binding agreement to acquire Nevada’s LVDC, expanding its global racing technology footprint.

BetMakers Technology Group is poised to expand its North American footprint by acquiring LVDC, Nevada’s exclusive pari-mutuel wagering provider, targeting an initial A$4 million in annual revenue.

Adveritas Limited reports a record 61% increase in annualised recurring revenue, driven by strong gains in sports betting and new product launches, while preparing for a strategic expansion into North America.

PointsBet has secured a significantly improved acquisition proposal from MIXI, lifting the cash offer by 13.2% to $1.20 per share and postponing the shareholder vote to June 25. The move intensifies the takeover battle amid ongoing regulatory approvals and a rival bid from Betr Entertainment.

Asra Minerals Limited has launched a substantial options offer linked to a recent $3 million placement, aiming to enhance liquidity and satisfy obligations under the placement. The company plans to list these options on the ASX by the end of June 2025.

Life360 has increased its convertible notes offering to $275 million, introducing capped call transactions to manage dilution risks as it prepares for potential growth investments.

HITIQ Limited has pushed back the closing date for its entitlement issue offer to June 20, adjusting the timeline for its capital raising efforts.

Tasmea Limited has declared a fully franked special dividend of 12 cents per share, reflecting robust financial performance and strong confidence in future growth prospects.

SRJ Technologies is advancing its transformation into a full-scale Asset Integrity Maintenance provider, appointing a new CEO and relocating its global headquarters to Abu Dhabi to anchor its growth in energy and industrial sectors.

Blue Star Helium has successfully drilled the State 9 well at its Galactica helium project in Colorado, confirming natural gas flow and progressing towards production. Laboratory tests on helium and CO2 concentrations are underway as the company prepares for production tie-in.

IDP Education has revised its FY25 guidance, forecasting a sharp decline in student placements and language testing volumes due to persistent immigration policy uncertainty across key markets including the UK, Australia, Canada, and the US.