iWOW Technology Completes Approximately SGD 15 Million Placement to Accelerate Expansion of AgeTech and Clinical Nutrition Businesses

NewTimeSpace News: On 28 July 2026, iWOW Technology issued an announcement stating that it had completed the placement of 66,667,000 new ordinary shares at a placement price of SGD 0.225 per share. The gross fundraising proceeds totalled roughly SGD 15 million, while net proceeds after deducting relevant expenses stood at about SGD 14.5 million. The placed shares account for approximately 18.8% of the enlarged issued share capital, and are expected to be listed on Catalist with effect from 9 a.m. on 30 July.

iWOW stated that the net proceeds raised will be utilised for expanding the production capacity of its clinical nutrition business (GentleFoods), international expansion including pilot deployments in the United States and Japan, research and development, sales and marketing activities, settlement of the consideration payable for the acquisition of The Gentle Group and post-acquisition integration, as well as general working capital.

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