Locate Technologies Raises AU$392,564 via ATM Facility to Support Growth Strategy

Locate Technologies Limited (ASX: LOC) has secured AU$392,564 in additional capital through its existing At-the-Market (ATM) Facility agreement with Novus Capital Limited. This capital injection was achieved through the issue of 1,825,322 ordinary shares at an average price of AU$0.215 per share, utilising the Company’s available placement capacity under ASX Listing Rule 7.1. The transaction serves to replenish shares previously allocated to Novus as collateral, lifting the total amount raised under the ATM Facility to AU$1,268,244, with an average share issue price of AU$0.16. Following this raise, Locate Technologies reports approximately AU$2.05 million in available cash (unaudited).

Proceeds from the raise will be managed in accordance with the Company’s Treasury Management Policy, contributing to a stronger financial position. Locate Technologies continues to expand its two flagship platforms: Locate2u, a SaaS-based delivery and fleet management tool, and Zoom2u, its on-demand courier marketplace. Further operational updates are expected in the upcoming Q4 FY25 report.

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