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Junee Limited Announces Financing Round of Up to US$40 Million to Establish AI (Artificial Intelligence) Supercomputing Center in Australia
JUNEJunee Ltd(JUNE) Prnewswire·2024-10-29 13:09

SINGAPORE, Oct. 29, 2024 /PRNewswire/ -- Junee Limited (NASDAQ: JUNE) (the "Company"), today announced its strategic focus on developing and operating artificial intelligence (AI) computing centers. To support this initiative, the Company plans to raise up to US40millionthroughafinancinground,withthefundsearmarkedfortheestablishmentofanAIsupercomputingcenterinAustraliaandtobolsteritsworkingcapital.TheplannedfinancingofuptoUS40 million through a financing round, with the funds earmarked for the establishment of an AI supercomputing center in Australia and to bolster its working capital.The planned financing of up to US40 million will be used primarily for two key purpo ...