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THRIVE TRIBE TECHNOLOGIES LIMITED — Capital/Financing Update 2026
May 25, 2026
64252_rns_2026-05-25_0262e56d-226b-49c6-9c0b-cdd03f4e37bd.pdf
Capital/Financing Update
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Thrive Tribe*
ASX ANNOUNCEMENT
26 May 2026
1TT Receives Firm Commitments Received for $4 Million Placement
Thrive Tribe Technologies Limited (ASX: 1TT) (“1TT” or the “Company”) is pleased to advise that it has received firm commitments from sophisticated and professional investors to raise approximately A$4,000,000 (before costs) via a placement to sophisticated and professional investors (Placement) in two tranches.
Under the Placement of the first tranche, the Company will issue 3,000,000,000 fully paid ordinary shares at an issue price of $0.001 per share, together with 1 attaching option for every 2 shares subscribed for. The attaching options will be exercisable at $0.003 expiring on 15 June 2029. The Company will seek to have the options listed, subject to ASX listing requirements being met.
The Company also advises that it has resolved to undertake an additional placement to raise up to A$1,000,000 on the same terms as the Placement, subject to shareholder approval to be sought at a future general meeting of shareholders (Additional Placement). If approved, the Additional Placement would result in the issue of an additional 1,000,000,000 fully paid ordinary shares together with 500,000,000 attaching options on the same terms as the Placement.
Funds raised under the Placement are intended to be applied towards working capital requirements, costs associated with the capital raise and the commercialisation and redeployment of the Company's legacy WooBoard and Reffind HR and remote-working enterprise software suite, with a particular focus on enterprise, government and defence-related workforce applications.
The Company intends to position WooBoard as an AI-enabled workforce engagement, HR, wellbeing, recognition, secure communication and workforce analytics platform for large, dispersed and sensitive workforces.
Proposed defense and military-related applications under assessment include:
- secure role-based communications;
- welfare and wellbeing check-ins;
- morale and recognition tools;
- fatigue and burnout awareness;
- workforce sentiment reporting and deployment support workflows;
- training and readiness prompts, and;
- non-clinical PTSD-related risk awareness.
The Placement has been approved by shareholders at the Company's Extraordinary General Meeting held on 25 May 2026. Accordingly, the Company intends to issue the securities pursuant to the shareholder approval obtained at that meeting. The Additional Placement will remain subject to shareholder approval. A notice of meeting seeking the required shareholder approvals is expected to be dispatched in due course.
Clee Capital Pty Ltd acted as lead manager to the Placement. In connection with the Placement, the advisors are entitled to receive a capital raising fee equal to 6% (plus GST) of funds raised by each advisor. In addition, a total of 1,500,000,000 broker options on the same terms as the Placement options are proposed to be issued, subject to shareholder approval, to Clee Capital Pty Ltd and their nominees.
This announcement has been authorised for release by the Board of Thrive Tribe Technologies Limited.
For further information:
Thrive Tribe Technologies Limited
E: [email protected]
About us
Thrive Tribe Technologies Limited (ASX: 1TT) is on a mission to build a connected world of thriving individuals and businesses committed to health and wellness. With a focus on digital innovation, the Company is dedicated to creating a vibrant community where users can connect with thought leaders, creators, and businesses that inspire positive change. Thrive Tribe's core technology platform, Kumu, is designed to empower creators and businesses through data-driven insights and engagement tools.