Visual International Holdings announces R2m equity raise to boost working capital

Visual International Holdings Limited has announced an accelerated bookbuild process to raise up to R2 million through the issue of new ordinary shares. The equity raise aims to secure additional funds to support the company's working capital needs and ongoing projects. Participation is open to qualifying investors and will be implemented under Visual's existing general authority to issue shares for cash, approved by shareholders on September 5, 2025.

The bookbuild process, which commenced immediately, will determine pricing and allocations at its close, with the timing and price at the discretion of the company and sole bookrunner, AcaciaCap Advisors. Director Lesedi Matlholwa, a related party, intends to participate via an associate, uJobs Proprietary Limited, with a maximum bid price of 3 cents per share.

The 30-day volume weighted average price (VWAP) on June 30, 2025, was 2.18 cents, with a VWAP of 2.06 cents at the time of shareholder approval on September 5, 2025. Immediately prior to the publication of the interim results, the VWAP stood at 2.85 cents. The bookbuild shares, once issued, will be fully paid and rank equally with existing shares.