333D Limited (ASX:T3D), a company specialising in digital capture and creation technologies for various interfaces, has announced the completion of a $1 million placement. The funds were raised through firm commitments from institutional and sophisticated investors, with shares issued at $0.10 each. The placement will involve the issue of 10 million new shares, utilising the company’s existing placement capacity under Listing Rule 7.1.
The raised capital, net of costs, will be directed towards significant upgrades and developments of 333D’s digital asset management platform. These improvements will encompass software development, licence fees, and hardware acquisitions, all aimed at fulfilling evolving customer needs. The company clarified that the funds would not be used to increase its Bitcoin holdings as part of its Bitcoin treasury management strategy.
In deciding on a funding approach, 333D considered selling its existing Bitcoin but opted against it. The company stated that liquidation would only cover about one-third of the required expenditure and would result in a loss, conflicting with their long-term Bitcoin investment strategy. The directors believe raising equity capital aligns with the company’s policy objectives, managing risk and ensuring long-term strategic treasury allocation.
The placement is expected to settle on 23 September 2025, with allotment on 24 September 2025. The new shares will have equal ranking with existing ordinary shares, and the company will seek quotation on the ASX. A cleansing prospectus will be lodged with ASIC to facilitate secondary trading of the shares issued under the placement.
