CurveBeam AI (ASX:CVB) has settled the first AU$5.6 million tranche of its AU$6.5 million capital raise, with the remaining AU$900,000 currently in transit from an offshore investor who has confirmed the transfer, according to a Tuesday filing with the Australian bourse.

The first tranche of 62.2 million shares at AU$0.09 each, raising AU$5.6 million, was settled on Monday, while the second tranche of 10 million shares, also priced at AU$0.09 and raising AU$900,000, will be issued once the funds are received, expected by week's end, the filing added.