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Beonic Ltd (ASX:BEO)

ALERT: Price-sensitive ASX Announcement for BEO
Current share price for BEO : $0.076 -0.019 (-20%)+
Announcement
Release
28 May 2026 9:30AM
Price at Release
$0.095
Full Release
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Summary
Beonic Ltd has issued an Entitlement Issue Prospectus for a pro-rata renounceable entitlement issue of 5 shares for every 9 shares held at an issue price of $0.08 per share, aiming to raise up to $3,013,559. The offer, partially underwritten by Alpine Capital Pty Ltd, involves significant participation and potential control impact by the Thorney Group, which holds substantial shares and options. The prospectus outlines the timeline for entitlement trading and the offer closing date, along with detailed terms of sub-underwriting and its implications on corporate control. This financial maneuver includes complex arrangements such as a debt conversion facility.
Key Points
  • Beonic Ltd is conducting a pro-rata renounceable entitlement issue.
  • The offer is for 5 new shares for every 9 shares held at $0.08 each.
  • The target is to raise up to $3,013,559, partially underwritten by Alpine Capital Pty Ltd.
  • Entitlement trading dates and offer closing date are specified.
  • Thorney Group holds significant shares and options with potential control impact.
  • Details of sub-underwriting and its effects on control are provided.
  • The offer involves complex financial arrangements including debt conversion.
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.