Rent.com.au Limited announced a private placement of 41,666,667 common shares at a price of AUD 0.06 per share for gross proceeds of AUD 2,500,000.02 on January 12, 2022. The transaction will include participation from sophisticated, professional and other exempt investors pursuant to section 708 of the Corporations Act 2001. The company expects to close the transaction on January 20, 2022.