Yojee locks in oversubscribed $7M placement, targets up to $9M to fast-track freight software growth
Yojee Limited (ASX: YOJ) has received firm commitments for an oversubscribed $7 million placement, forming part of a total Capital Raising of up to AUD$9 million. Proceeds are earmarked to fast-track the commercial rollout of the recently launched Mosaic freight forwarding platform and the existing TCMS transport product.
The placement drew support from both existing long-term shareholders and new sophisticated investors, priced at $0.23 per share. A Share Purchase Plan (SPP) is set to raise up to a further $2 million, completing the two-part Capital Raising at a pivotal commercialisation moment for the logistics technology company.
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Inside the Capital Raising — placement, pricing and the SPP
The Capital Raising comprises two components of a single transaction, both priced identically at $0.23 per share: a firm-commitment placement and a follow-on SPP for eligible shareholders.
The placement will issue 30,434,783 fully paid ordinary shares to raise $7,000,000 before costs. Key pricing details include:
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Offered to Australian and overseas institutional and sophisticated investors
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Issue price of $0.23, a 4.2% discount to the last close of $0.24
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A 9.978% discount to the 15-day VWAP of $0.255 up to the trading halt date
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Shares issued under the Company’s Listing Rule 7.1 placement capacity
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Placement shares anticipated to be issued on Tuesday, 11 August 2026
The SPP allows existing holders to participate at the same $0.23 issue price as institutions:
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Open to shareholders with registered addresses in Australia and New Zealand, registered at 5.00pm on the record date of Friday, 31 July 2026
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Eligible shareholders may apply for up to $30,000 of shares at $0.23
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8,695,652 shares to be issued to raise up to $2 million
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The Board may elect to accept oversubscriptions, close the offer early, or scale back subscriptions
| Component | Amount | Shares Issued | Issue Price | Investor Base |
|---|---|---|---|---|
| Placement | $7,000,000 | 30,434,783 | $0.23 | Institutional & sophisticated investors |
| SPP | Up to $2,000,000 | 8,695,652 | $0.23 | Existing shareholders (AU & NZ) |
| Total Capital Raising | Up to $9,000,000 | – | $0.23 | Combined |
CEO frames funding as “a truly exciting chapter” for Yojee
Mark Connell, CEO of Yojee, pointed to the on-time, on-budget delivery of Mosaic as a foundation for the raise, emphasising the transition from product delivery to sales execution.
Mark Connell, CEO of Yojee
“This strongly supported capital raising represents an enormous achievement for Yojee and our shareholders. Our team has been working tirelessly to deliver the Mosaic product in a commercial form, on-time and on-budget and this funding now positions us to focus on delivering further sales and a market leading product to our customers.”
Connell also welcomed existing shareholders to participate in the SPP, describing the raise as “a truly exciting chapter for Yojee.”
Understanding freight forwarding software — and why Mosaic matters
Freight forwarders coordinate the movement of goods across Air, Ocean and Road, often juggling fragmented data spread across multiple parties. This complexity can slow operations and create costly inefficiencies for logistics providers.
Mosaic is described as a global solution that brings teams and partners together on a single platform. It is designed to overcome the fragmented nature of supply chain data exchanges, improve real-time visibility, and eliminate the “trapped into use” frustrations and costly integrations associated with enterprise-class systems. TCMS is Yojee’s existing transport product.
Understanding these platforms explains where investor money is directed. The Capital Raising funds the commercialisation of Mosaic and TCMS, pointing to the growth opportunity Yojee is pursuing across the logistics technology sector.
Where the funds are going
The funds raised are intended to be applied primarily toward converting the launched products into revenue. The Company has outlined the following intended use of proceeds:
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Further rollout, development and ongoing commercialisation of the Mosaic and TCMS platforms
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Additional resources, business development and team expansion
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General working capital
On the advisory side, Yojee has appointed 708 Capital Pty Ltd as Lead Manager and bookrunner for the placement. Details include:
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Fees of 6% of gross proceeds raised under the Capital Raising (including the SPP), in cash and exclusive of GST
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Up to 260,870 Advisory Shares to be allotted for advisory services associated with the Capital Raising
Key dates for shareholders
The indicative timetable below sets out the key deadlines for SPP-eligible shareholders. These dates are indicative only and are subject to change by the Board.
| Event | Date |
|---|---|
| Record Date for Share Purchase Plan | Friday 31 July 2026 |
| Announcement of Placement and Share Purchase Plan | Monday 3 August 2026 |
| SPP Cleansing Notice | Thursday 6 August 2026 |
| Dispatch of SPP Offer Booklet / SPP Opening Date | Friday 7 August 2026 |
| Issue of Placement Shares | Tuesday 11 August 2026 |
| Commencement of trading of Placement Shares | Wednesday 12 August 2026 |
| Closing Date for Share Purchase Plan | Thursday 20 August 2026 |
| Announcement of results of Share Purchase Plan | Tuesday 25 August 2026 |
| Issue of new Shares under the Share Purchase Plan | Wednesday 26 August 2026 |
What this means for the Yojee investment case
The oversubscribed placement signals strong investor demand at a commercialisation inflection point, with funding directed toward converting the launch of Mosaic and TCMS into sales execution. The SPP offers existing shareholders the opportunity to participate at the same $0.23 price as institutional investors, aligning retail holders with the new capital entering the register.
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