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Codeifai Extends Its $2M Share Funding Line to 2029 With No Fees

Codeifai Ltd has extended its $2,000,000 ATM facility with Dolphin Corporate Investments by three years to 1 November 2029, with no fees and no extra security shares.
By Josua Ferreira -
Codeifai (ASX: CDE) library interior as ATM expiry extended to 2029
  • Codeifai Ltd has pushed the end date of its funding facility with Dolphin Corporate Investments out by three years to 1 November 2029.
  • The facility limit stays at $2,000,000, so the extension adds time but not more money.
  • Dolphin Corporate Investments holds 13,000,000 fully paid ordinary shares as security, and no more will be issued for the extension.
  • The extension carries no fees or costs for the company.
  • The facility was first set up on 1 November 2023, when the company was called YPB Group Limited.
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ATM facility extended to 1 November 2029

Codeifai Ltd (ASX:CDE) has agreed with Dolphin Corporate Investments (DCI) to extend its At-The-Market Subscription Agreement (ATM), moving the expiry date out by three years.

The ATM was established on 1 November 2023, when the company was known as YPB Group Limited, as referenced in its announcement dated 2 November 2023. The extension was announced on 10 November 2026.

Timeline of Codeifai's ATM Facility

The key terms of the extension are:

  • New expiry date: 1 November 2029, extended by three years
  • Facility limit: unchanged at $2,000,000
  • Security: DCI currently holds 13,000,000 fully paid ordinary shares as security under the ATM (Security Shares)
  • Additional Security Shares: none will be issued in connection with the extension
  • Fees and costs: no fees or costs are associated with the extension

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Frequently Asked Questions

What is an at-the-market subscription agreement?

It is an agreement where an investor commits to subscribe for new shares in a company when the company chooses to draw on it. Codeifai Ltd's facility with Dolphin Corporate Investments has a $2,000,000 limit.

When does the Codeifai Ltd ATM facility now expire?

The facility now expires on 1 November 2029, three years later than before. The extension was announced on 10 November 2026.

Did Codeifai Ltd pay anything to extend its ATM facility?

No. The announcement says no fees or costs come with the extension, and no extra security shares will be issued.

Who is Dolphin Corporate Investments in the Codeifai ATM deal?

Dolphin Corporate Investments is the counterparty to the agreement. It holds 13,000,000 fully paid ordinary shares as security under the facility.

Was Codeifai Ltd always called Codeifai?

No. The facility was set up on 1 November 2023, when the company was known as YPB Group Limited.

Josua Ferreira
By Josua Ferreira
Partnership Director
Josua Ferreira holds a Bachelor of Commerce in Marketing and Advertising and brings a background in publication, business development, and ASX market storytelling. He has worked with listed companies across the resource sector and broader market, combining sharp commercial instincts with a genuine commitment to keeping investors informed.
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