KNeoMedia Limited closed a private placement of 166,000,000 fully paid ordinary shares at a price of AUD 0.0125 per ordinary share for total gross proceeds of AUD 2,075,000 on February 22, 2022. The transaction included participation from new and existing shareholders of the company. The company has also issued 83,000,000 options, one free option for every two shares. Each option is exercisable at a price of AUD 0.025 and expiring on December 31, 2023.