TZ Limited secures $0.81M capital raise at 22% premium to strengthen balance sheet. The ASX-listed technology company issued 16.2 million shares at $0.05 each to fund debt repayment and fuel growth. A quarter million dollars will reduce Causeway Finance debt to $3.5 million, while remaining proceeds support the Keyvision acquisition and working capital for smart locker and data centre security platforms. The placement includes 16.2 million free attaching options with 36-month expiry, pending shareholder approval in May. This marks the second significant capital raise in as many months, demonstrating management's commitment to achieving cash positivity and aligning costs with recurring revenue.
