Rocketboots Limited

RocketBoots Successfully Completes Capital Raise and Board Changes; Positioned to Deliver International Expansion in 2025

Artificial Intelligence software company RocketBoots Limited (ASX:ROC) (RocketBoots or the Company), is pleased to announce the appointment of Mr Roy McKelvie as Chairman, to guide the company through a period of material scaling. Mr McKelvie will invest $200k in RocketBoots, subject to shareholder approval, and cornerstone a raise for $500k at $0.085 per share (before costs) with other sophisticated investors (Placement).


Highlights

  • RocketBoots appoints experienced investor and growth company specialist Roy McKelvie as Chairman
  • New Chairman to invest in RocketBoots along with other sophisticated investors in a Placement to raise $500k
  • Funds will primarily be used to execute on sales and customer initiatives that will deliver international expansion with a number of enterprise customers
  • Further progress has been made with advanced stage customer discussions with several outcomes expected in early CY2025.

Transforming for Growth

Appointment of Mr Roy McKelvie

The Company is pleased to announce the appointment of Mr Roy McKelvie as Independent, Non-Executive Chairman effective today, who will replace Mr Hugh Bradlow. Mr McKelvie’s experience both investing in and leading growth phase businesses will be crucial to RocketBoots as it enters a major scaling phase with large customer contracting decisions approaching.

Mr McKelvie is well placed to provide corporate and public markets support during the Company’s next phase of international expansion, having over 25 years’ experience in private equity and financial markets in the US, UK, continental Europe, Asia and Australia. He has worked and consulted to companies across multiple sectors including financial services, resources, retail, business services and FMCG.

Mr McKelvie is currently Chairman at WageSafe, Pathify Holdings Inc, Infocus Wealth Management and Encompass Corporation. Prior to this, he was CEO of Transfield Holdings (previously ASX listed), MD and CEO of Gresham Private Equity, and MD and Asian Head of Deutsche Bank Capital Partners.

He has a BSc in Production Engineering from the University of Strathclyde and an MBA from the University of Edinburgh Business School.

RocketBoots Board of Directors would like to express their deep gratitude to Mr Bradlow for his services to the Company and as founding Chair. The Board thanks him for his substantial contribution taking RocketBoots to this point as we approach a material growth phase.

Mr McKelvie’s key employment terms are described in Appendix A.

CEO & Board Remuneration update

As a part of the transition for growth, the Company undertook a review of the remuneration package of the current Chief Executive Officer (CEO), Mr Joel Rappolt and the Board. The review focused on how best to align delivery of Company milestones with value to shareholders and reflects that no increases have occurred since IPO in 2021. As a result of the review, the Board confirms that the CEO’s total remuneration package has changed, effective as at 27 December 2024. Mr Rappolt’s new remuneration package is set out in Appendix B and the Board’s, which is subject to shareholder approval, set out in Appendix A.


Click here for the full ASX Release

This article includes content from Rocketboots Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

ROC:AU
RocketBoots

RocketBoots Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
RocketBoots

RocketBoots

RocketBoots

RocketBoots Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Superpowers for in-person service businesses using AI

Preliminary Final Report

Preliminary Final Report

RocketBoots (ROC:AU) has announced Preliminary Final ReportDownload the PDF here. Keep Reading...
Trial with Major Mexican Retail Bank

Trial with Major Mexican Retail Bank

RocketBoots (ROC:AU) has announced Trial with Major Mexican Retail BankDownload the PDF here. Keep Reading...
Trial with Major Australian Retail Bank

Trial with Major Australian Retail Bank

RocketBoots (ROC:AU) has announced Trial with Major Australian Retail BankDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

RocketBoots (ROC:AU) has announced Quarterly Activities/Appendix 4C Cash Flow ReportDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

RocketBoots (ROC:AU) has announced Quarterly Activities/Appendix 4C Cash Flow ReportDownload the PDF here. Keep Reading...
Abstract financial chart with rising line graph and bar graphs on a dark background.

Tech Weekly: Broadcom and OpenAI Sign Deal, AMD and Oracle Announce Partnership

This week was marked by strong, event-driven volatility across the tech sector. Market moves were shaped by artificial intelligence (AI) infrastructure announcements, semiconductor earnings, signals of macroeconomic stress and escalating tensions between the US and China. Effects of the US... Keep Reading...
AF2 Capital Corp.

AF2 Capital Corp. Enters into Letter of Intent for Reverse-Takeover Transaction with EverKind Inc.

AF2 Capital Corp. (TSXV: AF.P) ("AF2" or the "Company") is pleased to announce it has entered into a non-binding letter of intent dated October 14, 2025 (the "LOI") with EverKind Inc. ("EverKind"), an AI-powered emotional wellness platform, which sets forth, in general terms, the basic terms and... Keep Reading...
Hand holding a digital AI interface with various tech icons around it.

AI Market Update: Q3 2025 in Review

Q3 solidified artificial intelligence (AI) as the central growth engine within the tech sector, driving the Nasdaq Composite (INDEXNASDAQ:.IXIC) and S&P 500 (INDEXSP:.INX) to new heights. AI-focused stocks dominated market gains during the period, while venture capital funding for AI startups in... Keep Reading...
Person using a smartphone displaying cryptocurrency trading graphs and exchange options.

Tech Weekly: Tech Stocks React to Fed, AI News and Geopolitical Tensions

This week’s market action reflected renewed caution amid evolving signals from the US Federal Reserve, with tech stocks facing pressure from shifting interest rate expectations and renewed overvaluation concerns. Artificial intelligence (AI) heavyweight NVIDIA (NASDAQ:NVDA) announced a US$100... Keep Reading...
Syntheia (CSE:SYAI)

Syntheia Signs Definitive Agreement for Call Center Acquisition

Syntheia Corp. (CSE: SYAI) ("Syntheia" or the "Company") (syntheia.ai), today announced that it has entered into an amended and restated agreement dated September 25, 2025 (the "Restated Agreement") with Call Center Guys Inc. ("CCG"), to amend and restate the terms of an asset purchase agreement... Keep Reading...
RocketBoots

RocketBoots Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News