Codeifai Secures $770,000 Share Placement
Codeifai Limited disclosed a $770,000 capital raise via a placement of 110 million ordinary shares at $0.007 each, with 110 million free attaching options exercisable at $0.02 until April 14, 2029, led by Oakley Capital. The funds are earmarked for product and business development as well as working capital, to broaden its applied AI capabilities and push deeper into self-service SaaS, including high-value use cases in geospatial and subsurface intelligence workflows. The company intends to expand through partnerships, product development, and targeted mergers and acquisitions to stay competitive in the evolving AI landscape. Separate capital-raise plans for July 2026 include another issuance of 110 million ordinary shares and 110 million unlisted options at the same prices, with one proposal not requiring security holder approval and another contingent on shareholder approval. The options with a $0.02 exercise price have a long horizon, expiring in 2029, and the new issuances would rank equally with existing shares upon issue. Collectively, the moves aim to accelerate Codeifai’s R&D and scale its AI-enabled self-service offerings across industrial sectors.
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