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Beonic Ltd (ASX:BEO)

ALERT: Price-sensitive ASX Announcement for BEO
Current share price for BEO : $0.077 0.002 (2.67%)+
Announcement
Release
23 Jun 2026 9:27AM
Price at Release
$0.075
Full Release
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Summary
Beonic Ltd, trading on ASX under the ticker BEO, announced the results of its 5-for-9 pro rata renounceable entitlement offer, which was partially underwritten and closed with a total of $1,577,882.56 raised (before costs) through existing shareholders. The uptake exceeded expectations, relieving general sub-underwriters from their obligations. TIGA Trading Pty Ltd has a priority underwriting allocation for the shortfall, aiming at a total minimum subscription of $2,280,488.56. The management anticipates reaching the full goal of $3,013,558. The underwriter, Alpine Capital Pty Ltd, is set to apply for the shortfall shares, and new securities are expected to be issued on June 24, 2026, as per the schedule in the prospectus.
Key Points
  • Beonic Ltd conducted a 5-for-9 pro rata renounceable entitlement offer.
  • The offer raised $1,577,882.56 before costs.
  • The uptake of entitlements and shortfall applications was higher than expected.
  • TIGA Trading Pty Ltd has a priority underwriting allocation.
  • Alpine Capital Pty Ltd will cover the shortfall shares.
  • New securities issuance is planned for June 24, 2026.
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.