PointData Pty Ltd announced that it has entered into a subscription agreement with new investor Axiom Properties Limited for issuing common stock for gross proceeds of AUD 4,000,000 on October 12, 2022. The company will receive funding in 2 tranches where first AUD 2,000,000 tranche is approved and payable on October 14, 2022, with the second tranche payment of AUD 2,000,000 being the subject to shareholder approval to be sought prior to December 31, 2022, and payable by December 31, 2023 subject to the company achieving certain performance hurdles related to achieving revenue targets, giving the investor up to circa one third ownership. As part of the transaction Axiom Properties Limited will be entitled to a board seat on the company's board of directors.