Thrive Tribe Technologies Secures $500K Placement to Strengthen Operations

Highlights:

• $500K Placement Secured: Thrive Tribe Technologies Limited (ASX: 1TT) raises ~$500,000 through the issuance of 195.9M new shares at a 20% discount, at the time of writing.
• Use of Funds: Capital will be allocated to general working capital and Placement-related costs, supporting the Company’s ongoing operations.
• Lead Manager Appointed: Clee Capital Pty Ltd manages the Placement, earning a 2% management fee and 4% capital raising fee (plus GST).

Firm Funding Commitments Secured

Thrive Tribe Technologies Limited (ASX: 1TT) has successfully received firm funding commitments of approximately $500,000 from sophisticated and professional investors, at the time of writing. The capital will be raised through the issuance of 195,924,765 new shares (Placement Shares) at an issue price of $0.002552 per share—a 20% discount to the last five-day Volume Weighted

Average Price before this ASX announcement.

Shareholder Approval and Placement Details

The Placement Shares will be issued following shareholder approval granted on 16 July 2025, in line with resolution 3 of the General Meeting Notice released to the ASX on 13 June 2025. Thrive Tribe intends to allocate the funds raised towards general working capital requirements and to cover costs associated with the Placement.

Lead Manager and Fees

Clee Capital Pty Ltd will act as the lead manager for the Placement, handling the fundraising and associated processes.

In return for its services, the Company will pay Clee a management fee of 2% of the funds raised (plus GST) and a capital raising fee of 4% of the total placement amount (plus GST). This partnership is expected to streamline the capital raising process and support the Company’s ongoing operational needs.

Outlook for Thrive Tribe

The successful Placement provides Thrive Tribe Technologies with strengthened liquidity and enhanced flexibility to fund its operations. At the time of writing, the Company’s leadership, led by Director and Company Secretary Joshua Quinn, emphasises that this funding milestone marks a critical step towards executing its growth strategy and maintaining operational stability.

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