ASX Small Cap News 3 February 2025
Good news was hard to come by today with only a handful of stocks ending in the black. The ASX Small Ordinaries fell 2.28% while the Emerging Companies Index gave up an almost identical 2.29%. Here's what's interesting today. Yojee Limited (YOJ) Market Cap: $34m Share price movement: +13.6% Yojee announced a binding memorandum of understanding to establish a joint venture with SmartClear Pty Ltd and SC Software Pty Ltd for customs technology aimed at enhancing its MOSAIC platform. This partnership will expedite development and reduce costs while targeting the Australian and New Zealand freight forwarding and customs brokerage markets. Additionally, Yojee successfully raised $3,500,000 through an oversubscribed placement to sophisticated investors. The JV will focus on licensing and commercializing SmartClear’s customs technology, with Yojee holding a 51% stake. The funds raised will support the development and marketing of the […]
