DomaCom Appoints Giuseppe Porcelli as Chairman and Secures $2 Million Private Placement

SYDNEY,Jan. 10, 2025/PRNewswire/ -- DomaCom Limited (ASX:DCL) is pleased to announce two significant developments that will strengthen its leadership and financial position as it advances its fund-first, technology-driven strategy.

Appointment of Giuseppe Porcelli as Non-Executive Chairman

DomaCom has appointedGiuseppe PorcelliasNon-Executive Chairman. Giuseppe is theFounder, Chairman, and CEO of Lakeba Group, a global technology leader renowned for AI-powered, scalable solutions. With extensive expertise in technology-driven investment strategies, his leadership will be instrumental inaccelerating DomaCom's growth, innovation, and investor value creation.

"Giuseppe's appointment strengthens our leadership team at a pivotal time for DomaCom," saidDarren Younger, CEO of DomaCom."His experience in driving technological innovation and scaling businesses will support our strategy to enhance investor value and expand our market presence."

Successful Completion of$2 MillionPrivate Placement

DomaCom has successfully secured a$2 millioninvestment through a private placementfrom sophisticated investorMartin Groen. The placement involved issuing142,857,143 fully paid ordinary shares at$0.014per share, reflecting investor confidence in DomaCom's strategy and growth potential.

"This investment demonstrates strong confidence in our vision to transform DomaCom into a leading fund-first, technology-driven business," saidGiuseppe Porcelli, Chairman of DomaCom."The additional option to secure further funding underscores the long-term alignment between DomaCom and our investors. This capital will allow us to accelerate key initiatives, deliver value to our stakeholders, and position the business for sustained growth."

These developments mark animportant step forwardin DomaCom's transformation, reinforcing its commitment totechnological innovation, financial growth, and enhanced investor value.

Contact person: Darren Younger, DomaCom CEO

Darren.younger@domacom.com.au 

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SOURCE DomaCom Limited