TrickleStar Limited Provides Update on Utilisation of Rights Issue Proceeds

TrickleStar Limited has released an important update regarding the application of funds raised from its recent renounceable non-underwritten rights issue. This announcement contains key information that current and prospective investors should closely monitor, as it relates directly to the company’s financial flexibility and capital management.

Key Highlights from the Report

• Net Proceeds Raised: The rights issue generated net proceeds of approximately S\$0.806 million for the company after deducting costs and expenses of around S\$0.205 million.
• Application of Proceeds: As of the date of the announcement, S\$427,000 of the net proceeds have been utilised, leaving a remaining balance of S\$379,000.
• Purpose of Use: The funds have been used strictly for general corporate and working capital purposes of the group, in line with prior disclosures.

Important Information for Shareholders

• Transparency and Accountability: The company has reiterated its commitment to providing periodic updates on the utilisation of the remaining proceeds. This includes disclosures in annual reports and financial results announcements, ensuring shareholders are kept informed of any material changes.
• Potential Price Sensitivity: The prudent and transparent management of capital raised from the rights issue reflects positively on TrickleStar Limited’s governance and financial discipline. The remaining funds bolster the company’s balance sheet and can potentially be deployed to support growth initiatives or buffer against operational risks, which may be viewed favorably by the market.
• No Deviation from Intended Use: The proceeds have been deployed strictly in accordance with previously stated intentions. There are no surprises or redirections of funds, which reduces uncertainty and risk for investors.
• Future Announcements: Any further material disbursement or utilisation of the funds will be promptly announced, providing ongoing visibility into the company’s financial strategy.

Additional Details

• Board and Management: The announcement was made by Jason John Clark, Executive Director and CEO, on December 2, 2025, underscoring the direct involvement of senior management in financial disclosures.
• Regulatory Oversight: While the announcement has been reviewed by the company’s sponsor, PrimePartners Corporate Finance Pte. Ltd., it has not been examined or approved by the Singapore Exchange Securities Trading Limited, which assumes no responsibility for its accuracy.

Implications for Investors

The update signals TrickleStar Limited’s ongoing commitment to financial transparency and disciplined capital management. The remaining undisbursed funds may be used for future working capital needs or strategic opportunities, which could influence operational performance and, consequently, share value. Investors should monitor subsequent announcements for any change in the application of these funds, as such events could be price sensitive.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information herein is based on company disclosures and may be subject to change.

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