Raiz Invest Limited announced it has entered into an agreement for private placement of 1,546,073 shares for AUD 1.617 per share for gross proceeds of AUD 2,500,000 on November 30, 2021. The transaction will include participation from new investor Seven West Media Limited. The transaction is expected to close on December 3, 2021.

The shares will be subject to voluntary escrow for a period of 24 months from the date of issue.