for your "memory" of the deal and the involvement of "James"...

for your "memory" of the deal and the involvement of "James"

ASX Announcement | 28 January 2022 Linius undertakes share placement to support growth plans Highlights • Up to A$3 million placement of new Linius ordinary shares to US-based institutional investor New Technology Capital Group, LLC, of which A$2 million is fully committed. • Proceeds from the placement will be used to accelerate commercialisation and growth of existing Linius products in Sports, Education, and Enterprise sectors, as presented to the investors by Linius CEO, James Brennan in December 2021. • Placement structured as a prepayment for subscription shares priced by reference to future market price of the shares. Melbourne, Australia – 28 January, 2022: Linius Technologies Limited (ASX:LNU) (Linius or Company) – the only cloud-based solution that transforms static video into hyper-personalized videoi experiences with its world first Video Virtualization Engine™ (VVE)ii – is pleased to announce an equity placement of ordinary shares in the Company (Shares) to US-based institutional investor New Technology Capital Group, LLC (NTCG). The placement ensures continued delivery of growth strategy

In the Company’s latest market update webinar in December 2021, new CEO James Brennan outlined the Company’s near-term priorities, including: - Conversion of the existing strong sales pipeline with current products the Sports, Education and Enterprise sectors. - Focus on customer success to increase adoption and ensure satisfaction from existing clients, which will deliver the success data, proof points and client referrals needed to drive repeat sales. - Ongoing product development to drive user engagement and to create an efficient, scalable platform with well documented application programming interfaces and reference designs, a partner ecosystem, and a marketplace for future commercial scale.