Thred Capital Raising Oversubscribed; $3,500,000 @ 2.7 cents.
Thred Now Fully Funded Through Product Launch Strategy In the lead-up to the completion of the launch version of the Thred Platform, the Company began planning future iterations or releases and setting out clear User Acquisition plans and objectives. This planning demonstrated a clear need to invest in a considered program that delivers distinct test & learn results, from launch through to delivering a stable and acceptable version of Thred.
The board of Thred subsequently determined a need to raise additional funds prior to launch, allowing the Company to invest in post launch actions with a high degree of confidence. Accordingly, the Company engaged Hunter Capital Advisors to determine a considered, but rapid funding strategy.
The funds raised via these Placements will be applied to: (1) furthering technology development and infrastructure scaling, (2) investment in acquiring skills and resources to plan, establish and optimise user acquisition, post-launch, (3) allowing Thred to specify and iterate future releases of Thred with confidence and (4) progressing, honing and implementing initial monetisation modules. These additional funds will allow the Company to aggressively pursue its launch and user acquisition strategy with confidence and certainty.
Thred worked closely with Hunter Capital Advisors to craft its capital strategy, ensuring a considered approach that balances its short terms capital requirements with growth in company valuation, to minimise shareholder dilution as much as possible.
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