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Careteq Limited (ASX:CTQ)

ALERT: Price-sensitive ASX Announcement for CTQ
Current share price for CTQ : $0.012 0.005 (64.29%)+
Announcement
Release
11 Mar 2026 9:52AM
Price at Release
$0.007
Full Release
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Summary
Careteq Limited, an Australian healthtech company listed on the ASX, has successfully raised approximately $2.2 million through a two-tranche placement of 440,000,000 fully paid ordinary shares at $0.005 per share. The capital raising was well-supported by both new and existing institutional and sophisticated investors. The funds from this placement are intended for project acquisitions, debt repayment, and general working capital purposes. This unbrokered placement involves an AFSL holder fee of 6% plus GST on the money raised and does not have a lead manager. Additionally, Careteq plans to issue 50,000,000 options with a $0.015 exercise price to its advisor, subject to shareholder approval. The offer price is significantly discounted compared to recent trading prices, and the process includes an Extraordinary General Meeting to approve the second tranche of shares.
Key Points
  • Careteq Limited raises $2.2 million through a two-tranche share placement.
  • 440,000,000 new shares issued at $0.005 per share.
  • Funds allocated for project acquisitions, debt repayment, and working capital.
  • Unbrokered placement with a 6% fee for AFSL holders.
  • 50,000,000 options to be issued to an advisor at $0.015, expiring in two years.
  • Discounted offer price compared to market value.
  • Shareholder approval required for second tranche at EGM.
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.