Chart Analysis
1TT Daily Timeframe Chart as of 26 May 2026
Thrive Tribe Technologies (ASX: 1TT) — Raises A$4 Million at $0.001 Per Share With Defence and Military Workforce Pivot for WooBoard HR Platform
On 26 May 2026, Thrive Tribe Technologies Limited (ASX: 1TT) announced it has received firm commitments from sophisticated and professional investors to raise approximately A$4,000,000 via a two-tranche placement at A$0.001 per share. Tranche 1 will issue 3,000,000,000 (3 billion) new shares with 1 free attaching option for every 2 shares subscribed (1,500,000,000 options at $0.003 exercise, expiring 15 June 2029). An Additional Placement of up to A$1,000,000 on the same terms is subject to shareholder approval at a future general meeting, which would issue a further 1,000,000,000 shares and 500,000,000 options. Funds will be applied toward working capital, capital raise costs, and the commercialisation and redeployment of the company's legacy WooBoard and Reffind HR and remote-working enterprise software suite, with a particular focus on enterprise, government, and defence-related workforce applications. The company intends to position WooBoard as an AI-enabled workforce engagement, HR, wellbeing, recognition, secure communication, and workforce analytics platform for large, dispersed, and sensitive workforces, with proposed defence and military applications including secure role-based communications, welfare check-ins, morale and recognition tools, fatigue and burnout awareness, sentiment reporting, and non-clinical PTSD-related risk awareness.
Key Details at a Glance
| Detail | Value |
|---|---|
| Placement Amount | A$4,000,000 (Tranche 1: A$3M; Additional: up to A$1M subject to shareholder approval) |
| Issue Price | A$0.001 per share |
| Tranche 1 New Shares | 3,000,000,000 (3 billion) |
| Free Attaching Options (Tranche 1) | 1,500,000,000 (1:2 ratio, $0.003 exercise, expiry 15 June 2029) |
| Additional Placement (Subject to Approval) | 1,000,000,000 shares + 500,000,000 options |
| Lead Manager | Clee Capital Pty Ltd |
| Lead Manager Fee | 6% cash fee (plus GST) + 1,500,000,000 broker options ($0.003 exercise, subject to shareholder approval) |
| Shareholder Approval (Tranche 1) | Obtained at EGM 25 May 2026 |
| Use of Proceeds | Working capital, capital raise costs, WooBoard/Reffind commercialisation and defence pivot |
| Revenue (2025) | A$163,490 (down 88.8% from A$1.46M in 2024) |
| Losses (2025) | A$3.50 million |
WooBoard Defence Pivot — Proposed Military and Government Workforce Applications
The company intends to reposition WooBoard as an AI-enabled platform targeting large, dispersed, and sensitive workforces in the enterprise, government, and defence sectors. The proposed defence and military applications listed in the announcement include secure role-based communications, welfare and wellbeing check-ins, morale and recognition tools, fatigue and burnout awareness, workforce sentiment reporting and deployment support workflows, training and readiness prompts, and non-clinical PTSD-related risk awareness.
No specific defence contracts, customers, government agreements, or pilot programs were disclosed. The announcement describes these applications as "under assessment" — they are proposed capabilities, not confirmed commercial arrangements. The WooBoard and Reffind platforms are described as "legacy" software that will be commercialised and redeployed.
Dilution Impact — Substantial Increase in Share Count
The placement and associated securities will significantly increase the total shares on issue:
| Component | Shares / Options |
|---|---|
| Tranche 1 Placement Shares | 3,000,000,000 |
| Tranche 1 Attaching Options | 1,500,000,000 |
| Additional Placement Shares (subject to approval) | 1,000,000,000 |
| Additional Placement Options (subject to approval) | 500,000,000 |
| Broker Options (Clee Capital, subject to approval) | 1,500,000,000 |
| Total New Securities | 7,500,000,000 |
The 3 billion Tranche 1 shares alone represent a substantial increase in shares on issue. When combined with the Additional Placement shares, attaching options, and broker options, the total potential securities issuance is 7.5 billion. The issue price of $0.001 is the minimum tick at which securities can trade on the ASX.
About Thrive Tribe Technologies
Thrive Tribe Technologies (formerly WooBoard Technologies, renamed April 2023) is an ASX-listed company that develops cloud-based SaaS solutions for workplace communication and employee engagement. The company operates through three segments: Thrive Tribe Technologies, WooBoard SaaS Products, and Kumu Group Pty Ltd. The Kumu platform is described as a tool for empowering creators and businesses through data-driven insights and engagement tools.
The company reported revenue of A$163,490 in 2025 — an 88.8% decline from A$1.46 million in 2024. Losses were A$3.50 million. The company's market capitalisation at the pre-announcement close of $0.0015 was approximately A$630,000.
Market Context
1TT closed at $0.004 on the announcement day, up +166.7% from a previous close of $0.0015, with the stock closing on the intraday high. The 52-week range spans $0.001 to $0.020. At sub-cent prices, the absolute price movement was $0.0025. The placement price of $0.001 is at the minimum ASX trading tick and is below the announcement-day close. The +166.7% move is the largest single-day percentage gain in this series, reflecting the stock's extreme low-price and low-liquidity profile.
Risks & Considerations
Near-zero revenue and material losses: 1TT reported revenue of A$163,490 in 2025 (down 88.8%) and losses of A$3.50 million. The company's pre-announcement market capitalisation was approximately A$630,000 — meaning the A$4 million placement exceeds the company's entire market capitalisation prior to the announcement.
Placement at minimum tick: The placement price of $0.001 is the minimum price at which shares can trade on the ASX. This is the lowest possible issue price and reflects the company's extremely distressed financial position.
Massive dilution: The Tranche 1 placement alone issues 3 billion new shares plus 1.5 billion options. Including the Additional Placement and broker options (subject to approval), total potential new securities are 7.5 billion. The dilution is extreme relative to the existing share count.
Broker options: Clee Capital is proposed to receive 1.5 billion broker options at $0.003 exercise (subject to shareholder approval) in addition to its 6% cash fee. This is a substantial securities-based compensation package.
Defence applications are aspirational: The proposed defence and military workforce applications are described as "under assessment." No contracts, customers, pilot programs, or government engagements have been disclosed. The company has no known track record in defence or military workforce technology.
Legacy platform: The WooBoard and Reffind platforms are described as "legacy" software being commercialised and redeployed. The extent of development work required to transform these platforms into defence-grade, AI-enabled solutions has not been addressed.
Stock has declined 95%+ over 12 months: 1TT has lost approximately 95% of its value over the past year, declining from a 52-week high of $0.020 (or up to $0.10 depending on data source) to $0.001. The company has undergone multiple name changes (Reffind → WooBoard → Thrive Tribe) and business model pivots.
Key Dates & Timeline
| Date | Event |
|---|---|
| April 2023 | Company renamed from WooBoard Technologies to Thrive Tribe Technologies |
| November 2025 | A$200,000 placement at $0.001 (200 million shares) |
| 25 May 2026 | EGM — shareholder approval obtained for Tranche 1 placement |
| 26 May 2026 | A$4 million placement announced with defence pivot; share price moved +166.7% |
| TBC | Settlement and allotment of Tranche 1 placement shares |
| TBC | Notice of meeting for Additional Placement and broker option approvals |
| TBC | Commercialisation and redeployment of WooBoard/Reffind for defence applications |
Price Data
- Previous Close: $0.0015
- Close Price (26 May 2026): $0.0040
- Change (26 May 2026): +166.7%
- 52-Week Range: $0.001 – $0.020
Notable Price Levels
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$0.020 — 52-week high (per template data; SimplyWall.St reports up to $0.10 depending on the lookback period). This level was set during the Kumu platform launch period in H1 2025 before the stock entered an approximately 95% decline. At $0.020, 1TT had a market capitalisation several times its current level. This represents the upper boundary of the stock's 12-month range and sits 400% above the announcement-day close — illustrating the magnitude of the decline that preceded this announcement.
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$0.009–$0.011 — a prior trading range from mid-2025 during the early stages of the stock's decline from $0.020. The stock consolidated around this zone before the decline accelerated into sub-cent levels. This is the first area of meaningful overhead supply above the current price, and any move toward this zone would represent a doubling from the announcement-day close.
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$0.004 — announcement-day close and intraday high. The stock closed on the session high with no intraday pullback — typically a constructive close pattern, though at sub-cent levels with extreme volatility (average weekly movement of 36.8% — top 10% most volatile on the ASX), single-session patterns are less reliable as indicators. At $0.004, the stock is trading at 4x the placement price of $0.001 and approximately 2.7x the pre-announcement close.
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$0.003 — the exercise price of the free attaching options being issued to placement participants (1.5 billion options, plus potentially 500 million Additional Placement options and 1.5 billion broker options). This level has structural significance because if the stock sustains above $0.003, these options are in-the-money, creating a potential source of future exercise revenue for the company but also representing additional dilution when exercised. Below $0.003, the options are out-of-the-money and are unlikely to be exercised.
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$0.002 — an intermediate level between the placement price ($0.001) and the announcement-day close ($0.004). The stock traded around $0.001–$0.002 for several months during Q1–Q2 2026, establishing this as the recent equilibrium range. In the A$200,000 placement completed in November 2025, shares were also issued at $0.001, making the $0.001–$0.002 zone the established price range for multiple capital raises.
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$0.0015 — previous close immediately prior to the announcement. This was the undisturbed price — the mid-range of the $0.001–$0.002 extended basing zone. A full retracement to $0.0015 would represent a 62.5% decline from the announcement-day close.
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$0.001 — the placement price AND the 52-week low AND the minimum ASX trading tick. This level has triple significance: it is the price at which 3 billion new shares are being issued (institutional cost basis), the absolute floor of the stock's 12-month trading range, and the structural minimum at which shares can trade on the ASX. Below $0.001, the stock cannot trade. The placement price at the minimum tick reflects the company's extremely distressed financial position — a pre-announcement market capitalisation of approximately A$630,000 against A$163,490 in annual revenue and A$3.50 million in losses.
Key Takeaways
- 1TT moved +166.7% on 26 May 2026 following a price-sensitive ASX disclosure (absolute move of $0.0025 at sub-cent levels), closing on the intraday high of $0.004.
- The announcement — Capital Raise — was the primary catalyst, detailing a A$4 million placement at $0.001 per share (the minimum ASX tick) with a strategic pivot toward defence and military workforce applications for the WooBoard/Reffind HR platform.
- The Tranche 1 placement issues 3 billion new shares plus 1.5 billion free attaching options ($0.003 exercise). An Additional Placement of up to A$1 million and 1.5 billion broker options to Clee Capital are subject to shareholder approval.
- Proposed defence applications include secure communications, welfare check-ins, morale tools, fatigue awareness, sentiment reporting, and non-clinical PTSD risk awareness — all described as "under assessment" with no contracts, customers, or pilot programs disclosed.
- The A$4 million placement exceeds the company's entire pre-announcement market capitalisation (~A$630,000). Revenue declined 88.8% to A$163,490 in 2025, with losses of A$3.50 million.
- The stock has declined approximately 95% over the past 12 months from a 52-week high of $0.020.
Summary
Thrive Tribe Technologies announced a A$4 million placement at $0.001 per share — the minimum ASX trading tick — issuing 3 billion new shares with 1.5 billion free attaching options ($0.003 exercise), with an additional A$1 million tranche and 1.5 billion broker options subject to shareholder approval. The announcement coincided with a +166.7% move to $0.004, the largest single-day percentage gain in this article series. Funds will support the commercialisation and redeployment of the company's legacy WooBoard and Reffind HR platform, with a pivot toward AI-enabled defence and military workforce applications including secure communications, welfare check-ins, and non-clinical PTSD risk awareness — all described as "under assessment" with no contracts or customers disclosed. The A$4 million placement exceeds the company's pre-announcement market capitalisation of approximately A$630,000. Revenue declined 88.8% to A$163,490 in 2025, with losses of A$3.50 million. The stock has declined approximately 95% from its 52-week high over the past 12 months.
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