Dezign Format offers 32.5 million placement shares at $0.20 apiece

Application for the public offer closes on 13 August.

Dezign Format has announced the placement of 32.5 million new shares offered at $0.20 apiece.

The $4.8m in net proceeds obtained from the offer will be used to support the company’s initiatives, including expansion plans for its location-based entertainment and experiences (LBE) business, strategic partnerships, and capital needs.

The public offer closes on 13 August and trading commences on 15 August.

Dezing Format’s core business comprises event, exhibition, and decor services; commercial and retail fit-out; and immersive LBEs.

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