ASX-listed DomaCom Limited has secured a $2.5 million loan from Bricklet Ltd, part of the Lakeba Group, alongside a $2.0 million underwriting commitment for an upcoming Entitlement Offer.
This capital infusion is set to transform DomaCom, supporting its growth and strategic initiatives. The loan, with an interest rate of 13% and maturity on October 31, 2025, will be converted into Ordinary Shares, subject to shareholder approval. Additionally, Bricklet’s underwriting commitment aims to bolster DomaCom’s capital raise.
In a significant board overhaul, DomaCom has appointed new directors, including Dr. Alberto Basile, Mr. Ray Jourdan, and Mr. Vinuraj Koliyat. These changes are part of DomaCom’s strategy to enhance governance and compliance while pursuing future growth. The company is also exploring a strategic alliance with Central Real Capital (CRC) to capitalize on synergies in mortgage banking and property investments.
DomaCom’s CEO, Steve James, expressed enthusiasm about the new funding and board appointments, while Bricklet and Lakeba Group’s Chairman Giuseppe Porcelli highlighted the shared vision for fractionalized investments and transformative changes. CRC’s CEO Tony Denny echoed the commitment to leveraging financial and sector expertise to drive growth and returns.
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