1st Group Limited announced a private placement of 128,817,381 ordinary shares at a price of AUD 0.00765 per share for gross proceeds of AUD 985,452 on March 20, 2023. The transaction will include participation from returning investor John Plummer. The transaction will take place in two tranches.

The first tranche will take place on 27 March 2023 and second tranche on 5 April 2023. These Placement Shares are subject to voluntary escrow for 12 months from the date of issue