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Aquirian Limited (ASX:AQN)

ALERT: Price-sensitive ASX Announcement for AQN
Current share price for AQN : $0.390 -0.05 (-11.36%)+
Announcement
Release
8 May 2026 8:58AM
Price at Release
$0.440
Full Release
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Summary
Aquirian Limited announced the successful completion of a $8 million placement through the issue of 19,950,000 new shares at $0.40 each, a move strongly supported by both existing and new investors. This capital injection is set to bolster the company's balance sheet, facilitating the expansion of its Drillforce strategy, including inventory growth, working capital support, and debt restructuring. The placement, led by Euroz Hartleys, reflects investor confidence in Aquirian's growth strategy and technological advancements in the mining services sector.
Key Points
  • Aquirian Limited has successfully raised $8 million through the placement of 19,950,000 new fully paid ordinary shares.
  • The issue price for the new shares was $0.40 per share, representing a 9.1% discount to the last traded price on 5 May 2026.
  • The placement was strongly supported by existing and new institutional investors.
  • The proceeds will be used to expand inventory, support Drillforce growth, manage working capital requirements, and restructure debt facilities.
  • Settlement of the placement is expected on 15 May 2026, with shares to be allotted on 18 May 2026.
  • Managing Director Greg Patching highlighted the growing confidence in Aquirian's strategy and the opportunities in their Drillforce business.
  • Euroz Hartleys acted as the Sole Lead Manager for the placement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.