Globe Fincap Limited — Statement of utilization of issue proceeds

Globe Fincap Limited has released a statement detailing how it plans to use the proceeds from its recent fundraise. The company has outlined the specific purposes for which the raised capital will be allocated, providing transparency regarding its financial strategy.

This disclosure is important for investors as it offers clarity on the management's plans for growth and capital deployment. By understanding how the funds will be utilized, investors can better assess the company's future direction and potential for value creation.

Investors should monitor the company's future performance to see if the allocated funds are being used effectively to achieve the stated objectives.