Argonaut acted as Lead Manager to a $7.25 million for K2fly Limited by way of a Placement at an issue price of $0.29 per share to accelerate their ESG Solutions by way of product development, sales & marketing, and corporate growth opportunities. The Placement was underpinned by strong support for existing shareholders and sophisticated local and international investors.

K2fly Limited (ASX:K2F) is a global Australian business established in 2016 offering reporting software solutions for the Mining, Utilities, Oil & Gas, and Rail enterprise asset management sectors. Its services include Consulting Advisory and Custom Software Development to leverage AI/ML technologies and deliver improved asset performance. K2fly Limited also develops integrated reporting software solutions to bridge the gap in asset management and cater to environmental, social and governance (ESG) elements and integrate with third-party solutions to deliver efficient, automated and accurate reporting operations.